COP 18 IMO SIDE EVENT... Thank you For more information: Author Edmund Hughes Created Date...
Transcript of COP 18 IMO SIDE EVENT... Thank you For more information: Author Edmund Hughes Created Date...
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COP 18 IMO SIDE EVENT
Simon Bennett, Director External Relations International Chamber of Shipping (ICS)
Doha
27 November 2012
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90% of World Trade
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International Chamber of Shipping
Ü Principal international trade association for shipowners
Ü 80% of world fleet Ü Members are national
shipowners’ associations Ü Represents shipowners at IMO
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Global Rules for a Global Industry
IMO in session in London
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Need to Reconcile CBDR with IMO Global Rules
Ü Only 35% of fleet is registered with ‘Annex I’ nations
Ü Danger of ‘carbon leakage’ Ü Ships flexible about flag of choice
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Improving CO2 Efficiency
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Shipping is Servant of World Trade
Growth in world seaborne trade Source: Fearnleys
15000
20000
25000
30000
35000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010est.
Billion
tonn
e mile
s
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IMO Agreement Addresses CBDR
Ü Includes regulation on technology transfer and technical co-operation with developing nations
Ü Flag State waiver on immediate application of EEDI (but most shipowners will not use)
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Market Based Measures (MBMs)
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MBMs are Controversial
Ü High fuel cost already provides efficiency incentive
Ü Danger of modal shift to less CO2 efficient modes of transport
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Shipping is not a Cash Cow
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But Shipping Must Play its Part in Development of MBMs
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MBM Proposals
1. Using EEDI to reward or penalise ships
2. Emissions Trading Schemes 3. Compensation Fund Linked to
Fuel Consumption
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Shipowners’ Preference
IMO Compensation Fund Linked to Fuel Consumption
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Addressing CBDR….
Ü If governments decided, industry would support funds being directed to help climate change projects in developing nations
Ü If governments decided, possible linkage to UNFCCC ‘Green Fund’
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Report on Climate Finance
Ü Welcome of acknowledgment of IMO progress, and ‘fuel levy’ as an MBM option
Ü High level UNFCCC / IMO / ICAO Working Group worth exploring
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Link to UNFCCC Green Fund? Ü But shipping’s contribution must reflect share of world emissions Ü Governments must not keep money for themselves Ü Must not become a tax on trade
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Conclusions Ü Significant emission reductions more
likely if agreed by IMO on global basis Ü If IMO not permitted to develop MBMS,
danger of regional/unilateral action Ü UNFCCC/IMO Group on shipping
finance should be considered by governments
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Shipping is Life Blood of World Trade
www.ics-shipping.org www.shippingandco2.org
Thank you For more information: