Contact your team
360o

Market
update

15-09-2015

Political Groups Argue for Shipping to Be Included in Paris Climate Deal

The groups argue that there is now "reasonable excuse" from exempting shipping from an emissions target.

The majority of the political groups represented on\u00a0European Parliament's environment committee are urging European leaders to include international shipping and aviation in the global climate deal scheduled to be signed in Paris in December, environmental group\u00a0Transport & Environment (T&E) announced this week.\u00a0

Environment ministers from all 28 members of the European Union (EU) are scheduled to meet later this month to finalise the EU's official position going into the Paris deal.\u00a0

According to the organisation, seven out of eight groups on the environment committee have written letters to EU heads of state, arguing that "to promote increased climate ambition from ICAO\u00a0(International Civil Aviation Organization) and IMO\u00a0(International Maritime Organization) like all the other sectors of the global economy, aviation and international shipping require an emissions reduction target."

"There is no reasonable excuse to continue exempting these two economy sectors from the global policy framework," the groups said.\u00a0

T&E said that together, the two sectors account for 8 percent of the "global climate change problem," with shipping emissions expected to grow between 50-250 percent by 2050.\u00a0

"It's simply fair to demand from two economic sectors with emissions the size of Germany and South Korea to reduce CO2 emissions in line with keeping the global temperature increase below 2 degrees celsius," said Sotiris Raptis, clean shipping officer at T&E.

"The IMO and ICAO have been procrastinating so far."\u00a0

The organisation has long called for a global emissions target for shipping, having commented earlier this year that only hard targets will be effective in dealing with global emissions.\u00a0


Latest
news

30-05-2018

What's Next: a glance into the future of shipping

21-09-2017

First Voyage for European LNG Bunker Tanker

Skangas duel fuel LNG carrier Coral Energy (image credit/Skangas) Liquified natural gas (LNG) bunker tanker Coralius has made its first trip loading and delivering LNG to and from Norwegian ports, according to trade press reports. The 5,800 cubic meter capacity tanker, which is owned by Norwegian gas company Skangas, was delivered to the company in June. Skangas also operates LNG carrier Coral Energy. "Skangas off
04-09-2017

OPEC Cutback Extension to be Discussed in November, But Developments Could Render Any Deal Meaningless

Analysts say everything from Saudi exploration to rising tensions with North Korea could radically alter the dynamics of the international market. File Image / Pixabay Ever since the Organization of the Petroleum Exporting Countries (OPEC) extended the duration of its production cuts earlier this year to March of 2018, speculation has been rampant that the meager cutback volume coupled with the large number of members
  
BMS Bunkers

360° Contact 24/7

0o
60o
120o
240o
300o