Global shipping industry discussing in London a cap to emissions — MercoPress

The industry has proposed that IMO members agree to cap emissions at 2008 levels, while some countries do not want any curbs, suggesting it would harm global trade.
Thursday, April12th2018 - 08:42 UTC
The industry has proposed that IMO members agree to cap emissions at 2008 levels, while some countries do not want any curbs, suggesting it would harm global trade.

Countries are meeting in an attempt to agree cuts to greenhouse gases from the global shipping industry, amid pressure on the sector to help tackle climate change. Shipping, like aviation, is not directly included in the Paris Agreement, the international deal on global warming which was secured in the French capital in 2015 and commits countries to avoiding “dangerous” climate change.

At a meeting in London of members of the International Maritime Organization (IMO), countries are debating the action the sector should take on the issue. The global shipping industry accounts for around 2% to 3% of international climate emissions but if countries take the action pledged under the Paris Agreement, shipping’s share will rise to as much as a fifth by 2050.

The industry has proposed that IMO members agree to cap emissions at 2008 levels, while some countries do not want any curbs, suggesting it would harm global trade.

But some Pacific island nations, such as the Marshall Islands which is threatened by rising sea levels but is also a major flag state, want emissions from shipping to fall to zero, to help keep alive the Paris Agreement pledge to pursue efforts to limit temperature rises to 1.5C above pre-industrial levels.

A recent study by the Organization for Economic Co-operation and De....

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