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Maritime shipping facing "significant challenge"

PRESS RELEASE

June 16, 2015: Left unchecked the carbon emissions from international maritime shipping could increase by 250 percent, according to the Global Shippers' Forum.

The assessment by the International Maritime Organisation (IMO) is highlighted in the fourth edition of the GSF Maritime Emissions policy briefing that was launched this month.

The policy briefing states that at present carbon emissions from international maritime shipping make up 2.2 percent of the global total, but left unchecked could increase by as much as 250 percent in the period to 2050.

The GSF briefing also examines the latest developments within maritime emission policy, and the sector's role in reducing carbon emissions, all prepared with the perspective of the shipper in mind.

Key messages:
● IMO has a significant challenge in securing emission reductions in the maritime sector. The many different trades and vessel types such as cargo, containers and tankers also further complicate policy
● GSF welcomes IMO's focus on technical and operational measures to reduce maritime emissions rather than simply introducing an MBM which will ultimately lead to financial cost for shippers without necessarily improving efficiency
● GSF welcomes the European Commission's proposals for the MRV system to develop a workable framework for carbon data collection from ships. However, a global solution is ultimately sought from the IMO
● The drive towards data collection will enable IMO to more accurately assess maritime emissions and help industry to identify where the most practical carbon savings can be made
● Progress in the Commission's development of the MRV system has initiated a move away from financial market-based measures such as the bunker levy or an emissions trading system
● Voluntary initiatives provide examples where energy efficiency metrics can be successfully applied and are already being utilised by shipowners, charters and shippers
● GSF will continue to profile the benefits of data collection to help decarbonise the maritime sector and assist shippers in making carbon efficient supply chain decisions
● Shippers should be at the forefront of the maritime policy debate at a global and regional level

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