Page 16 - INTERCARGO - Annual Report_2021
P. 16
ANNUAL REVIEW
Reduction of Greenhouse Gas (GHG)
emissions from ships
INTERCARGO is fully committed INTERCARGO has for a long time been a leading propo-
nent of a levy scheme as the most appropriate global Mar-
to IMO’s strategy and ambition in ket Based Measure for the reduction of GHG emissions. As
reducing GHG emissions by ships the discussions at the IMO progress, the Association, rep-
resenting dry bulk shipping, continues its constructive and
and will continue to represent responsible participation in the global regulator’s delibera-
the views of quality owners and tions.
operators in the bulk carrier sector. Global challenges and problems require global handling
and solutions, and the IMO is the only competent authori-
ty to ensure a level playing field, unlike regional regulations
which have proven ineffective, create distortions and mul-
ti-tier markets, and even trade tensions.
INTERCARGO is a co-sponsor of the industry proposal for
a USD 5 billion R&D programme to kick start the vital re-
search and development needed to help shipping meet the
UN decarbonisation goals. The programme is designed to
accelerate the development and introduction of zero-emis-
sion technologies and fuels for maritime transport, which
are vital in allowing the industry to decarbonise.
The Association has been actively participating in the IMO
deliberations, expressing the views of its members on the
measures being developed by IMO for emission reduction.
INTERCARGO acknowledged the importance of the techni-
cal and operational short-term measures adopted to reduce
GHG emissions, but warned that there can be no compro-
mise when it comes to safety. Bulk carriers are highly effi-
cient and already operate within very tightly defined techni-
cal and operational parameters. Imposing further technical
and operational constraints beyond given limits that cannot
be overridden in practice, inevitably brings forward safety
considerations that cannot be ignored.
INTERCARGO fully supports the findings of the Fourth IMO
GHG Study which provides updated best estimates for ship-
ping’s emissions and several key positive outcomes and
trends. The study showed that the share of global CO2 emis-
sions from international shipping (transporting approximate-
ly 90% of world trade) has been consistently close to a level
of 2%. In addition, according to IMO, significant improve-
ments were shown in carbon intensity between 2008 and
2018. In addition, significant improvements of 21% to 29%
were shown in carbon intensity in 2018 compared to 2008.
It must also be acknowledged that there was a 40% in-
For more information on this topic please visit:
crease in seaborne trade during the period, while at the
intercargo.org/news/topics/emissions
same time total GHG emissions from shipping fell by 7%.
Key positive drivers especially for bulk carriers included im-
For a more detailed and chronological account of the provements in ship design efficiency, fuel oil consumption,
continuing deliberations at IMO with the participation of
INTERCARGO: carbon intensity (noting a significant increase in transport
intercargo.org/ghg-emissions-an-account-of-deliberations-at-imo/ work), and speed reduction.
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