News

2018 April 16 16:05

World Shipping Council welcomes the IMO’s agreement on a greenhouse gas reduction strategy

The World Shipping Council (WSC) and its members welcome the International Maritime  Organization’s  (IMO)  agreement on an ambitious strategy to reduce greenhouse gas emissions  from international shipping, WSC said in its press release. 

This week’s action by the Marine Environment Protection Committee  (MEPC)  is important  for both political and  practical  reasons. In political terms, the agreement  demonstrates to the  world  that  IMO Member governments  can find a common way forward despite real differences  of opinion. This is a global challenge, and it can only be  effectively  addressed at a global level. As a practical matter, the size of the planned  emission s cuts make s it clear that the shipping  industry can only meet these objectives by a transition over time to new fuels and new propulsion systems.

The MEPC’s Initial Strategy is a significant achievement.  It  is now clear that the long -term future of the international  shipping  industry will not be  based on burning fossil fuels. What is  not  clear is which technologies and which  fuels will allow  the industry to continue to serve world trade sustainably in the next half of this century and  beyond.

The industry faces a substantial engineering challenge to identify, develop,  and deploy  the  new fuels and new technologies that will eliminate carbon emissions from  shipping.  The World Shipping Council and other organizations submitted a paper last year to MEPC  describing the need for a substantial, focused, and sustained research and development effort – organized through the IMO –  to create the technological tools necessary to implement the ambitious climate goals that the IMO has now articulated.

Through the debate  at the IMO, many  nations and organizations have emphasized the critical role of research and development. WSC look s forward to working with Member States and others to turn that shared R&D concept into  a reality. 

The World Shipping Council is an association of liner shipping companies with offices in Brussels and Washington, D.C. Its members transport over 90 percent of international containerized  trade. The WSC’s goal is to provide a coordinated voice for the liner shipping industry in its  work with policymakers and other industry groups interested in international transportation  issues.