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WISTA UK looks at how the shipping industry can curtail its emissions

WISTA UK has recently hosted an event to challenge its members to address the major issues affecting the shipping industry which focused on the part the maritime sector plays in the climate change agenda. The subject of the debate was the divisive emissions problem, with the panel exploring potential solutions to curtail shipping’s emissions.First to stimulate thoughts was David Donnelly, Partner at Mazars, who looked at his experience as an expert in energy efficiency in buildings and how techniques could be transferred across into the maritime sector. Members learned that there has to be a financial justification in undertaking any investment in retrofitting environmental-efficiency technologies to vessels.Where financial gains could be realised fairly quickly after initial CAPEX, it was explained, as in insulation and lighting systems, then retrofitting could be undertaken with relative ease. Other technologies, however, may not be retrofitted so easily because of the longer return on investment or simply because their commercial benefits cannot be monitored – in the maritime sector this is illustrated by ballast water treatment systems.  In such cases in other sectors, said Donnelly, the energy efficient investment is deferred until the normal lifecycle replacement of the particular equipment.There is an element of corporate social responsibility ...

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Governments advance new legally binding Law of the Sea agreement

  The U.N. General Assembly (UNGA) adopted a formal resolution to develop a legally-binding treaty for the conservation of marine biodiversity on the ‘high seas’. The new ocean regulations are proposed to include: area-based management tools, such as marine planning and marine protected areas; environmental impact assessment (EIA) requirements; the transfer of marine technology; and a regime for managing marine genetic resources, including benefit-sharing. These developments have potentially significant implications for ocean economic activities, such as shipping, oil and gas, cruise tourism, fishing, marine mining, biotechnology, submarine cable, as well as for related sectors, such as maritime law, insurance and investment. Leadership companies concerned about the effects these new ocean laws will have on high seas operations are encouraged to participate in the Ocean Governance and Policy session at the Sustainable Ocean Summit (SOS), Singapore, 9-11 November 2015. The SOS 2105 provides a unique opportunity for ocean business representatives to plan for coordinated industry engagement in the development of this new ocean treaty as it is negotiated by governments over the next few years. The UNGA resolution identifies “the need for the comprehensive global regime to better address the conservation and sustainable use of marine biological diversity in areas beyond ...

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