ICS explains shipping industry commitment to reduce CO2 emissions
At a major conference today (18 June) in Liverpool, United Kingdom, hosted by the renowned Tyndall Centre for Climate Change Research, Peter Hinchliffe, Secretary General of the International Chamber of Shipping (ICS), gave the keynote speech explaining the shipping industrys commitment to reducing its CO2 emissions. Mr Hinchliffe said that shipping is the only industry with a mandatory global regime in place, agreed by the International Maritime Organization (IMO), to reduce its CO2 emissions. We are therefore already on a pathway to deliver ships by 2030 that will be 30% more efficient than those of just a couple of years ago. He added: There is a clear mood to address supply chain efficiency at every stage. In particular, the enormous financial pressure of the global recession on freight rates, coupled with virtually year-on-year fuel increases some 300% over 10 years has meant that the quest for efficiency is much more than enlightened self-interest and really a means to survive to fight another day. The current focus of ICS is helping to ensure that the existing technical and operational measures agreed by IMO are properly implemented. The desire of some governments to develop additional Market Based Measures remains very ...
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