BIMCO's documentary work – update on Emission Trading Schemes
23 August 2023Continuing our series of updates on documentary work, this week we will focus on Emission Trading Schemes (ETS).
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Continuing our series of updates on documentary work, this week we will focus on Emission Trading Schemes (ETS).
“The IMO has done something no one has done before: set an absolute target for emission reductions for an entire industry. It is a landmark achievement in the effort to reduce emissions, and something that every other industry should look to for inspiration,” says Lars Robert Pedersen, BIMCO Deputy Secretary General and delegate at the IMO meeting.
Continuing our series of updates on documentary work, this week we will focus on Emission Trading Schemes (ETS).
The Chinese Ministry of Transport (MOT) has passed a new domestic emission control area regulation from 1 January 2019 in their territorial waters.
BIMCO is concerned that the inclusion of shipping in the EU Emissions Trading System (ETS) will inhibit global action on reducing CO 2 emissions.
Several South Korean ports will have designated national sulphur emission control areas from midnight 1 September 2020.
At the launch of the Fourth International Maritime Organization’s Greenhouse Gas Study, eyes rested primarily on the fact that CO2 emissions from the shipping industry rose between 2012 and 2018. The focus on this six-year period diverted attention from what should not have been missed – the year 2009.
It can be difficult to determine if shipowners or charterers are responsible for accounting and reporting the GHGs emitted by a ship. This article helps determine where the responsibility for accounting and reporting of GHG emissions from ships lies under different types of charter parties.
The mandatory Energy Efficiency Design Index (EEDI) for new ships and the Ship Energy Efficiency Management Plan (SEEMP) for all ships are effective regulations for CO2 emissions and provide, in BIMCO’s view, tangible contributions to the global efforts to combat climate change.