EU Emission Trading System will inhibit global CO2 reductions
02 October 2020BIMCO is concerned that the inclusion of shipping in the EU Emissions Trading System (ETS) will inhibit global action on reducing CO 2 emissions.
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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.
BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming.
The Emissions Trading System Allowances (ETSA) Clause 2022 for Time Charter Parties is now available to download free of charge from BIMCO’s website.
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.
The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping R&D programme to help eliminate CO2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about USD 5 billion over a 10-year period.
BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and three ETS clauses for Voyage Charter Parties.
BIMCO and its partners have submitted the Glossary of Climate Change Definitions to MEPC 81. To ensure consistent terminology, it is proposed that MEPC agrees to develop a glossary of definitions relevant to the reduction of GHG emissions from shipping. This is intended to harmonise the language used within the shipping industry.