Ship­ping sup­ports global cli­mate change deal

Financial Mirror (Cyprus) - - FRONT PAGE -

The global ship­ping in­dus­try, rep­re­sented at the United Na­tions Con­fer­ence in Paris by the In­ter­na­tional Cham­ber of Ship­ping (ICS), fully sup­ports a global deal on cli­mate change and is com­mit­ted to am­bi­tious CO2 emis­sions re­duc­tion across the en­tire world merchant fleet. This will best be guar­an­teed if fur­ther reg­u­la­tion con­tin­ues to be led by the UN In­ter­na­tional Mar­itime Or­gan­i­sa­tion (IMO), the ICS said.

Ship­ping is the lifeblood of the global econ­omy with­out which in­ter­con­ti­nen­tal trade, the bulk trans­port of raw ma­te­ri­als and the im­port/ex­port of food and man­u­fac­tured goods would not be pos­si­ble. About 90% of world trade is car­ried by sea and ship­ping is al­ready by far the most en­ergy ef­fi­cient mode of com­mer­cial trans­port. Ship­ping is there­fore part of the so­lu­tion to pre­vent­ing cli­mate change.

Pro­por­tion­ate to its 2.2% share of the world’s to­tal CO2 emis­sions, in­ter­na­tional ship­ping ac­cepts its re­spon­si­bil­ity to con­trib­ute to the CO2 re­duc­tion mea­sures be­ing taken by the global com­mu­nity.

IMO data shows that ship­ping has al­ready re­duced to­tal CO2 emis­sions by more than 10% since 2007. The share of the world econ­omy’s CO2 emis­sions from in­ter­na­tional ship­ping was just 2.2% in 2012 com­pared to 2.8% in 2007, while CO2 per tonne of cargo trans­ported one kilo­me­tre by sea has fallen around 20% in the past ten years as a re­sult of ag­gres­sive fuel ef­fi­ciency mea­sures.

“Manda­tory reg­u­la­tions al­ready adopted by IMO will en­sure that all ships built af­ter 2025 will be at least 30% more ef­fi­cient than ships op­er­at­ing to­day,” said ICS Sec­re­tary Gen­eral, Peter Hinch­liffe, speak­ing at a spe­cial ship­ping event at the Pom­pi­dou Cen­tre in Paris. “Com­bined with fur­ther tech­ni­cal and op­er­a­tional mea­sures plus new tech­nol­ogy, in­ter­na­tional ship­ping should be able to re­duce its CO2 per ton­nek­ilo­me­tre by 50% be­fore 2050.”

“Th­ese dra­matic fur­ther CO2 re­duc­tions will be gen­uine and real. We will have big­ger ships, bet­ter en­gines, cleaner fu­els and smarter speed man­age­ment. The manda­tory world­wide use by ships of low sul­phur fuel to re­duce air pol­lu­tion will pro­vide a fur­ther sig­nif­i­cant in­cen­tive to im­prove fuel ef­fi­ciency,” Hinch­liffe added.

With full in­dus­try sup­port, IMO is now de­vel­op­ing ad­di­tional global mea­sures. The next step will be the col­lec­tion of CO2 emis­sions data from in­di­vid­ual ships, which the in­dus­try would like to see manda­tory as soon as pos­si­ble.

“De­spite fur­ther growth in mar­itime trade on which the pros­per­ity of the world de­pends, the sig­nif­i­cant CO2 re­duc­tions achieved in re­cent years sug­gests that ship­ping is well on course for car­bon neu­tral growth,” Hinch­liffe said.

Re­cent data from the United Na­tions Con­fer­ence on Trade and De­vel­op­ment (UNCTAD) makes clear that de­vel­op­ing and de­vel­oped na­tions are equal ben­e­fi­cia­ries of mar­itime trade, which is crit­i­cal to the achieve­ment of the UN’s Sus­tain­able De­vel­op­ment Goals. ICS as­serts that IMO is the only reg­u­la­tory body that can en­sure that fu­ture CO2 mea­sures are im­ple­mented on a uni­form and world­wide ba­sis that will sup­port sus­tain­able trade and the in­ter­ests of de­vel­op­ing economies.

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