Tuesday, 14 August, 2018

Global Shipping Strikes Major GHG Deal

This confirms IMO’s commitment to reducing GHG emissions from international shipping and as a matter of urgency to phasing them out as soon as possible Global Shipping Strikes Major GHG Deal
Sandra Phillips | 17 April, 2018, 01:14

ICS says it hopes the IMO agreement will be sufficient to discourage those who mistakenly advocate regional measures which, as well being very damaging to global trade, would not be effective in helping the worldwide shipping sector to further reduce its total Carbon dioxide emissions, which are now about 8% lower than in 2008 despite a 30% increase in maritime trade. At present, ships run nearly entirely on fossil fuels, generally the dirtiest grades of oil, and burn them inefficiently to boot.

He added "The agreed IMO objective of cutting the sector's total GHG emissions by at least 50% before 2050, as part of a continuing pathway for further reduction, is very ambitious indeed, especially when account is taken of current projections for trade growth as the world's population and levels of prosperity continue to increase". There was limited opposition to the deal with Saudi Arabia and the United States expressing reservations.

In a joint statement, European Commissioners Violeta Bulc and Miguel Arias Cañete welcomed the agreement as a "significant step forward" in efforts to combat global warming across the globe, although the EU had initially hoped for stronger commitments.

International Association of Ports and Harbors (IAPH) managing director policy and strategy Patrick Verhoeven said: "We see the agreement primarily as an important first step".

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Levels of ambition directing the initial strategy start with the reducing the carbon intensity of ships by implementing further phases of the energy efficiency design index for new ships and a review aimed at strengthening the energy efficiency design requirements for ships with the percentage improvement for each phase to be determined for each ship type.

"This is the initial strategy, the final strategy isn't due until 2023".

Experts say that the compromise is not in keeping with the Paris climate agreement goal of keeping temperature rise well below 2 degrees Celcius.

Since then, the IMO has aimed to bring together its member states to agree on a binding target for the maritime sector, but had not been able to reach a consensus on an appropriate level of action. "It will require rapid technological changes to produce zero-emission ships, moving from fossil fuels, to a combination of electricity (batteries), renewable fuels derived from hydrogen, and potentially bioenergy", said Tristan Smith, an expert on energy and shipping at the University College London's Energy Institute. No other reproduction or distribution is permitted without prior written consent.

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