Anonymous ID: 3ac444 Dec. 17, 2019, 8:35 p.m. No.7542620   🗄️.is 🔗kun   >>2666

By Jonathan Saul LONDON, Dec 18 (Reuters) – Shipping associations have proposed creating a research fund with $5 billion raised by the industry to develop technology to help the sector meet U.N. targets on cutting emissions.

 

The global shipping fleet, which accounts for 2.2% of the world’s CO2 emissions, is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.

 

International shipping associations called on Wednesday for a mandatory contribution of $2 per tonne on fuel used by ships to raise money for a research fund to help develop cleaner technology for the industry.

 

U.N. shipping agency, the International Maritime Organization (IMO), aims to cut the industry’s greenhouse gas emissions by 50% from 2008 levels by 2050, a target that will require the swift development of zero or low emission fuels and new ship designs using cleaner technology.

 

Simon Bennett, deputy secretary general of the International Chamber of Shipping, one of the industry bodies backing the fund, said a $2 per tonne fuel contribution would raise about $5 billion over 10 years, based on fuel consumption by the world’s fleet of about 250 million tonnes a year.

 

“We can’t exaggerate the pressure we are under if we are going to meet the IMO 2050 targets. We really have very little time,” Bennett told Reuters. “Ship owners are increasingly realising that we have to really get on with this now.”

 

The fund, if it receives the backing of IMO member states, could be in place by 2023, officials involved said.

 

The IMO said the proposal would be discussed by the organisation’s Marine Environment Protection Committee at its next meeting at the end of March.

 

“Research and development will be crucial, as the targets agreed in the IMO initial strategy will not be met using fossil fuels,” an IMO spokesperson said. (Editing by Edmund Blair)

 

(c) Copyright Thomson Reuters 2019.

 

https://gcaptain.com/shipping-industry-proposes-5-billion-fund-for-zero-emission-rd/

Anonymous ID: 3ac444 Dec. 17, 2019, 8:42 p.m. No.7542666   🗄️.is 🔗kun

>>7542620 (me)

The International Chamber of Shipping (ICS) Explained

 

The International Chamber of Shipping (ICS) is a trade association that represents ship owners and ship operators via national shipowners associations.

 

Its aim is to promote the interests of its members throughout all issues of ship operation and also shipping policy.

 

Key facts about the International Chamber of Shipping:

 

ICS member shipping companies operate over 80% of the world’s merchant tonnage.

ICS membership is made up of national shipowners’ associations in Asia, Europe and the Americas.

The ICS was established in 1921.

The ICS has 36 members and 11 associate members.

The ICS is based in London.

The ICS is unique because unlike other international shipping trade associations it represents the global interests of all the different trades in the industry, from passenger ship operators to tanker operators.

The ICS is a consultative body to the International Maritime Organisation, the United Nations agency with responsibility for the safety of life at sea and the protection of the marine environment.

The ICS deals with regulatory, operational and legal issues relating to the shipping industry.

 

ICS profile:

 

The ICS provides representation for its members with various intergovernmental regulatory bodies that impact on shipping, including the International Maritime Organisation.

 

It is also a source of information for members and has developed guidance and best practice for those operating within the industry – these resources are offered free to ship owners in the industry, as well as to members.

 

Its mission is to aim for a global shipping industry that operates to high standards, prioritises safe shipping operations, as well as protection of the environment.

 

While it was fundamentally created to promote the industry of shipping operators it also has as one of its aims cooperation with other organisations, both governmental and non-governmental in order to help make the shipping industry a more efficient and safe place.

 

https://moverdb.com/international-chamber-shippin