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The fundamental importance of global climate change

From the UK Chamber of Shipping Annual Review 2013-14 Global climate change is not a side issue to our industry and world trade - it is of fundamental importance. The potential impact of changing weather patterns, sea levels and temperatures poses potentially enormous social, economic and political challenges for many regions across the world.Slowing down or reversing the level of carbon emissions remains the most important environmental issue the world faces, and every sector of industry must share responsibility in trying to achieve this.Environmental regulation is, of course, a necessary mechanism to help deliver effective reductions in carbon emissions and other pollutants. Nonetheless, regulators face significant challenges in pursuing an holistic policy approach that ensures the complex range of environmental measures are effective in their ultimate goal and that their overall impact - on the environment, society and industry - is fully assessed.Sustainability is a key issue for the sector. Acknowledging its importance to the global shipping industry, sustainable maritime development was the key theme at the International Maritime Organisation's (IMO) World Maritime Day 2013 on 26 September. However, sustainable development covers both social and economic sustainability as well as environmental sustainability. While environmental regulatory frameworks are a necessary and ...

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