With the theme, “Together for implementation”, COP27 in Sharm El-Sheikh, Egypt aims to turn climate pledges into action. COP27 will bring together the governments which have signed the United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol or the Paris Agreement.
These pledges made by countries are shaped around the Paris Agreement, a legally-binding instrument which has the goal of limiting global warming to well below 2, preferably to 1.5⁰C, compared to pre-industrial levels.
Despite not being mentioned within the Paris Agreement alongside aviation, shipping and the need for decarbonisation will by no means be ignored at COP27, BIMCO believes.
Indeed for shipping, it is the last COP before the IMO meets in Spring 2023 to decide its final GHG strategy and the way forward for decarbonisation of the industry
Those IMO negotiations will do so in the shadow of COP27, the Paris Agreement and the UNFCCC, all of which set the bar for IMO member states’ ambitions on climate change and reflect countries’ commitments.
These commitments will be under the spotlight in Egypt. The IMO will participate in no less than eleven negotiation sessions and side events covering everything from a just transition to alternative fuels.
Other side events, run by several organisations, will cover topics such as smart freight and the role of ports and increasing resilience of the sector.
BIMCO will also participate in the COP as a virtual observer.
