ICS Comments on Shipowner Contribution to UNFCCC Green Climate Fund
UN Climate Change Conference DOHA The International Chamber of Shipping (ICS) is representing global shipowners at the United Nations (UNFCCC) Climate Change Conference in Doha (COP 18).At an event in Doha (27 November) hosted by the UN International Maritime Organization (IMO), ICS will report on the further progress being made by shipowners worldwide to reduce their CO2 emissions and improve fuel efficiency.ICS comments on the recent UNFCCC secretariat report on means of long term 'climate financing', which suggests that the international shipping industry should make a substantial contribution to the $100 billion per year Green Climate Fund, established by the UNFCCC Conference in Durban last year to finance climate change adaptation projects in developing countries.ICS explains that, with the full support of shipowners, governments at IMO have already adopted binding global regulations for technical and operational measures to reduce ships' emissions, which will enter into force in January 2013 and will apply to at least 90% of the world's tonnage. "This will greatly assist the industry in meeting its commitments for a 20% efficiency improvement by 2020 and a 50% improvement by 2050. The immediate priority for the shipping industry is to ensure that the ground breaking IMO agreement on ...
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