Shipping firms call on UN body to regulate CO2

Shipping companies from around the world are calling for a framework to reduce emissions in line with the Paris Agreement. The Sustainable Shipping Initiative (SSI), a coalition of firms worldwide, […]

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By Jacqueline Echevarria

Shipping companies from around the world are calling for a framework to reduce emissions in line with the Paris Agreement.

The Sustainable Shipping Initiative (SSI), a coalition of firms worldwide, has made the request as the sector is gathering at the Marine Environmental Committee meeting in London this week.

SSI believes the UN’s International Maritime Organisation (IMO) and member states represented at the Maritime Environmental Protection Committee must demonstrate a commitment to the climate deal.

This can be achieved by adopting a detailed IMO roadmap for establishing shipping’s “fair share” of global emission reductions, the SSI adds.

It suggests the establishment of an ‘Intended IMO Determined Contributions’ which should be submitted to the United Nations Framework Convention on Climate Change (UNFCCC).

The SSI also believes the baseline for setting emissions reduction targets should be founded upon data from the IMO’s third Greenhouse Gas (GHG) study from 2014 and not linked to ongoing data collection and analysis from a global measuring.

The request follows the aviation sector‘s announcement to limit GHG emissions earlier this month.

Ian Petty, General Manager at SSI said: “Decarbonisation of the global economy is under way. We are now at a crossroads for the shipping industry where it must choose to embark on an accelerated innovation pathway to ensure its long term relevance as the backbone of global commerce.

“The industry cannot achieve this alone through enhanced efficiency. It needs help from legislators to create a level global playing field, which will help incentivise the much needed innovation in the industry. ”

Sustainability will be part of the discussions at the Energy Live 2016 conference in London next week. There are limited free tickets for energy end users and university students.