The Chairman of the International Chamber of Shipping, Esben Poulsson, has set out what the industry would like the International Maritime Organization to achieve as part of its CO2 reduction strategy for the shipping sector.
Speaking in Indonesia today at The Economist magazine’s World Ocean Summit, Mr Poulsson feared that unless IMO makes significant progress the industry could be vulnerable to regional action, not only from the EU – which is considering incorporating shipping into the EU Emissions Trading System – but also from Canada or California, which have already introduced carbon pricing.
“We are confident IMO can adopt an ambitious strategy by 2018 matching the spirit of the Paris Agreement. However, IMO needs to agree a baseline year for peak CO2 emissions from shipping, as well as setting out some serious long term aspirations for dramatically cutting the sector’s total CO2 by the middle of the century” said Mr Poulsson. Read more