The International Chamber of Shipping (ICS) has released a new publication to support the global shipping industry in phasing out CO2 emissions.
‘Reducing CO₂ Emissions to Zero’ supports the International Maritime Organization’s strategy to halve the industry’s overall greenhouse gas (GHG) emissions by 2050.
In its position as the main trade association for shipowners, the ICS has explored the possibilities for the development of zero CO2 fuels, stating that it “will almost certainly be required” if a 50% total cut in GHG emissions is going to be delivered before 2050.
Furthermore, the publication opposes discussions surrounding mandatory operational efficiency indexing, with ICS claiming that such an approach to individual ships would cause market distortion.
Chairman of ICS, Esben Poulsson, has stated that they “now expect discussions at IMO to begin in earnest on the development of additional CO2 reduction measures, including those to be implemented before 2023”.
ICS have also advised the European Union that their regional system, designed to collect CO₂ data, must become compatible with the IMO’s global system.
View the full document, which outlines all of the chamber’s recommendations and support of the IMO.