{"id":21572,"date":"2020-11-17T13:49:20","date_gmt":"2020-11-17T10:49:20","guid":{"rendered":"https:\/\/www.al-sindbad.net\/shipping-industry-proposes-5-billion-program-to-help-decarbonize-shipping\/21572\/"},"modified":"2020-11-17T13:49:20","modified_gmt":"2020-11-17T10:49:20","slug":"shipping-industry-proposes-5-billion-program-to-help-decarbonize-shipping","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/shipping-industry-proposes-5-billion-program-to-help-decarbonize-shipping\/21572\/","title":{"rendered":"Shipping Industry Proposes $5 Billion Program to Help Decarbonize Shipping"},"content":{"rendered":"<p><\/p>\n<p>The proposal was put forth by a group of international shipowner associations whose membership collectively controls over 90% of the world merchant fleet.\u00a0The call comes ahead of this week\u2019s meeting of\u00a0IMO\u2019s Marine Environment Protection Committee (MEPC) to consider important next steps in the IMO\u2019s initial strategy for reducing greenhouse emissions from maritime transport.<\/p>\n<p><\/p>\n<p>Although total emissions from shipping are about 7% lower than in 2008, there is a limit to what can be achieved so long as ships remain dependent on fossil fuels and global demand for maritime services continues to grow, the group said in a joint statement.<\/p>\n<p><\/p>\n<p>The IMO in 2018 <a href=\"https:\/\/gcaptain.com\/here-is-the-imos-full-briefing-on-its-strategy-to-reduce-greenhouse-gas-emissions-from-ships\/\">set out its ambition<\/a> to reduce total emissions from international shipping by at least 50% by 2050 compared to 2008. But how the shipping industry will meet this goal is still to be determined.<\/p>\n<p><\/p>\n<p>Experts say it will require identifying and developing new zero-carbon technologies so that commercially viable zero-carbon ships can begin to operate in the 2030\u2019s. While some potential solutions have been proposed, such as hydrogen or ammonia produced from renewable energy sources, these technologies needed do not yet exist in a scale or form that can be applied to large ocean-going ships. Also, a host of complex technical questions remain to be answered, including safety, storage, distribution, energy density considerations and lifecycle impacts.<\/p>\n<p><\/p>\n<p>\u201cIn short, we do not yet know what the fuels of the future will be,\u201d said the joint statement.<\/p>\n<p><\/p>\n<p>\u201cThe shipping industry has therefore proposed a USD 5 billion R&amp;D programme, to be overseen by IMO and financed through a required R&amp;D contribution of USD 2 per tonne of marine fuel consumed. The R&amp;D programme would be managed through a non-governmental research and development organisation \u2013 an <i>International Maritime Research and Development Board <\/i>or IMRB.\u00a0 The co-sponsors emphasize that for the proposal to work, the R&amp;D contributions need to be compulsory via an IMO regulation, to ensure that all shipping companies globally contribute, in a fair and equitable manner, and that the necessary funds will be generated to achieve the programme\u2019s objectives,\u201d the statement said.<\/p>\n<p><\/p>\n<p>The international shipowner associations backing the proposal include BIMCO, Cruise Lines International Association, INTERCARGO, INTERFERRY, International Chamber of Shipping, INTERTANKO, International Parcel Tankers Association and the World Shipping Council.<\/p>\n<p><\/p>\n<p>According to the group, a number of governments have already shown interest in the program, subject to addressing issues such as governance.<\/p>\n<p><\/p>\n<p>\u201cThe Industry is eager to work with governments to ensure that this initiative is implemented as soon as possible and calls on the IMO Marine Environment Protection Committee to support the development of the IMRB concept at its critical meeting starting November 16th. The IMO 2050 climate targets can only be achieved with the immediate acceleration of zero-carbon fuels and technologies, and the IMRB is a crucial vehicle for driving the progress needed to build a zero-carbon shipping industry,\u201d the joint statement said.<\/p>\n<p><\/p>\n<p>\u201cThe only way we will decarbonize deep-sea shipping is through identifying and developing the fuels of the future. We have no time to waste, and the IMRB is a proposal that allows us to begin now,\u201d says John Butler, CEO of World Shipping Council.<\/p>\n<p><\/p>\n<p><strong>Highlights of the International Maritime Research and Development Board (IMRB) proposal, as outlined by the trade groups, are as follows:<\/strong><\/p>\n<p><\/p>\n<p>The proposal comes as the IMO\u2019s Marine Environment Protection Committee (MEPC) is planned to meet virtually for its <span lang=\"EN-CA\" data-contrast=\"auto\">75<\/span><span lang=\"EN-CA\" data-contrast=\"auto\"><span data-fontsize=\"11\">th<\/span><\/span><span lang=\"EN-CA\" data-contrast=\"auto\">\u00a0session<\/span>\u00a0this week to discuss crucial measures to further reduce greenhouse gas (GHG) emissions from ships. Among other items, the MEPC is expected to adopt amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) to significantly strengthen the \u201cphase 3\u201d requirements of the Energy Efficiency Design Index (EEDI) \u2013 meaning that new ships built from 2022 will have to be significantly more energy-efficient. The MEPC will also discuss draft proposed amendments to MARPOL on short-term measures to reduce the carbon intensity of shipping with the aim of adding further energy efficiency requirements which would also apply to existing ships.<\/p>\n<p>gCaptain<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The proposal was put forth by a group of international shipowner associations whose membership collectively controls over 90% of the world merchant fleet.\u00a0The call comes ahead of this week\u2019s meeting of\u00a0IMO\u2019s Marine Environment Protection Committee (MEPC) to consider important next steps in the IMO\u2019s initial strategy for reducing greenhouse emissions from maritime transport. Although total &hellip;<\/p>\n","protected":false},"author":1,"featured_media":20845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[2068,1007,1277,1096,3188,62],"class_list":["post-21572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-billion","tag-decarbonize","tag-industry","tag-program","tag-proposes","tag-shipping"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/21572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=21572"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/21572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/20845"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=21572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=21572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=21572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}