Working alongside partners in the Clean Shipping Coalition, Seas At Risk and T&E have made a proposal to the International Maritime Organisation that could help break the deadlock in discussions on market-based measures to reduce the shipping sector's GHG footprint.

Working alongside partners in the Clean Shipping Coalition, Seas At Risk and T&E have made a proposal to the International Maritime Organisation that could help break the deadlock in discussions on market-based measures to reduce the shipping sector's GHG footprint.

The proposal involves incorporating speed restrictions and related payments into one of the Market Based Measure (MBM) proposals currently on the table.

The main advantages of this approach is that it holds the potential to achieve large in-sector emission reductions while lowering (not raising) the costs for industry.

The savings from the reduced fuel consumption of the slower ships is so large that it compensates for the added cost of the extra new ships required, their crew, inventory costs, and any GHG levy.

The proposal will be discussed at the 64th session of the IMO’s Marine Environment Protection Committee, which meets in London from the 1-5th October.

 

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