At UNFCC COP19, ICS will advise on reducing emissions
International Chamber of Shipping (ICS) has issued new brochure on Shipping, World Trade and Reduction of CO2 Emissions.
Yesterday, at the UNFCC Climate in Warsaw (COP 19), ICS advised United Nations on the economics of mitigation that reducing CO2 emissions is an economic ‘no brainer’ for the global shipping industry.
The International Chamber of Shipping (ICS) very much hopes that governments at COP 19 will continue to respond positively to the significant IMO agreement, which entered into force in January 2013, to adopt a package of technical measures to reduce shippings CO2 emissions (see green box). This is the first ever international agreement containing binding and mandatory measures to reduce CO2 emissions that has so far been agreed for an entire industrial sector.
Most importantly − and without prejudice to what governments might agree at UNFCCC the shipping industry believes that IMO is now very well placed to continue the progress it is making on potential Market Based Measures to help deliver further emissions reductions.
It is vital for all governments to understand that in the absence of a global framework agreed by IMO there is a serious risk of regional or unilateral measures regulating CO2 emissions for shipping. This would have a seriously distorting effect on international shipping markets, but most importantly would be much less effective in delivering meaningful reductions in CO2 emissions by the global shipping sector as a whole.
For more details, please read ICS brochure Shipping World Trade and Reduction of CO2 Emissions
