ICS: Shipping's Fuel Efficiency Measures are Providing Genuine Reduction in Emissions
No need for "complex virtual measures such as carbon offsets" says ICS Secretary General Peter Hinchliffe ahead of Paris climate talks.
The ICS said that global emissions from the shipping sector have decreased 10 percent since 2007.
The global shipping industry has decreased its carbon emissions by 10 percent since 2007 despite increasing trade, meaning that the industry is delivering carbon neutral growth, the\u00a0International Chamber of Shipping (ICS) said Tuesday.\u00a0
The organization said that it was releasing the figures ahead of the\u00a0United Nations Climate Change Conference to be held in Paris in December, where one of the topics is expected to be a potential global carbon emissions target on the shipping and aviation sectors.\u00a0
\u201cThese are genuine reductions through fuel efficiency, without the need for complex virtual measures such as carbon offsets,\u201d said ICS Secretary General Peter Hinchliffe.
\u201cWith bigger ships, better engines and smarter speed management, the industry is confident of a 50 percent CO2 reduction by 2050 when the entire world fleet will comprise super fuel-efficient ships, many using clean fuels such as LNG.\u201d
The entire world fleet is about 20 percent more efficient than in 2005
Peter Hinchliffe, Secretary General, ICS
The ICS said that it acknowledged that governments are keen to see more results, but also sought to draw attention to the fact that existing International Maritime Organization (IMO) regulations will mandate that all ships built from 2025 must be 30 percent\u00a0more efficient than ships built in the 2000s.\u00a0
\u201cThe entire world fleet is about 20 percent more efficient than in 2005," Hinchliffe\u00a0said.
"With the support of the shipping industry, IMO has already achieved a great deal and is the only forum that can deliver further significant CO2 reductions from international shipping.\u201d
Earlier this year, the ICS also dismissed claims from environmental groupTransport & Environment, who released a report claiming that modern ships are less CO2 efficient than those built over 20 years ago.
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.
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