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Unless the International Maritime Organization (IMO) makes significant progress as part of its CO2 reduction strategy for the shipping sector the industry could be vulnerable to regional action, the Chairman of the International Chamber of Shipping, Esben Poulsson believes.Speaking in Indonesia today at The Economist magazine’s World Ocean Summit, Poulsson feared that regional action could not only come from the EU which is considering incorporating shipping into the EU Emissions Trading System but also from Canada or California, which have already introduced carbon pricing.”We are confident IMO can adopt an ambitious strategy by 2018 matching the spirit of the Paris Agreement. However, IMO needs to agree a baseline year for peak CO2 emissions from shipping Replica Hermes, as well as setting out some serious long term aspirations for dramatically cutting the sector’s total CO2 by the middle of the century,” said Poulsson.ICS stressed that IMO should adopt objectives for the entire sector, not for individual ships, in the same way that governments have already agreed CO2 commitments for their national economies under the Paris Agreement. As pointed out Replica Hermes Handbags, the IMO also needs to agree a mechanism for delivery which ICS would like to see in place by 2023.
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