Page 14 - Annual Review 2018/2019

ANNUAL REVIEW

INDUSTRY TOPICS

Reduction of Greenhouse Gas (GHG) emissions

INTERCARGO firmly believes that IMO is the appropriate body to address the global
challenge of GHG emissions, as the competent authority to do so. Shipping is the
most efficient transportation mode and, moreover, its regulatory body, the IMO,

was the first to address GHG emissions by adopting technical and operational
requirements for new and existing vessels with global application as early as 2011.
It is disappointing that in the meantime, we have witnessed the demonstration of

regional and insufficient thinking outside the IMO framework.

INTERCARGO welcomed the initial strategy for the ships, their engines and machinery, and the fuels used
reduction of Greenhouse Gas (GHG) from ships adopted for propulsion. Shipowners are the users of the ships
by IMO in 2018 and continues its participation in the and the technologies they feature, as made available by
global regulator’s deliberations. The IMO Member States, shipbuilders and manufacturers, and utilise the fuels made
representing both developed and developing countries, had available by suppliers; another critical aspect is that very
the responsibility of agreeing on the Initial IMO Strategy on often it is the charterers who have the responsibility for how
reduction of GHG emissions, comprising a Vision, Levels of vessels are utilised. However, it is certain that our Members
Ambition and Guiding Principles, in what continues as an – the dry bulk shipowners – will embrace and fully support
on-going process. This is not an easy task as, for one thing, any competitive technological solutions with a better GHG
their representatives should not fail to take into account the footprint that will be made available to the market, as they
safety and practical issues affecting ships and any potential have done in the past.
impact of the commitments they make on international
trade. With the above in mind, INTERCARGO fully supports IMO
and its environmental objectives in this milestone agreement
The ambitious objectives that have been set will require on an initial strategy for reducing greenhouse gases from
adequate technological solutions, as INTERCARGO has ships and, in its consultative role, continues to participate in
argued on many occasions. GHG emissions largely depend the IMO process for setting ambitious yet realistic goals that
on the design and the technology of the constructed ensure a global level playing field for shipping.

 For more information on this topic please visit: intercargo.org/topics/emissions/