Global maritime transport plays a crucial role in facilitating global trade and fostering economic development around the world. At the same time, shipping represents a significant source of greenhouse gas (GHG) emissions. Of which, these GHG emissions are expected to grow further under a business-as-usual scenario. In April 2018, the International Maritime Organization officially committed itself to at least halve GHG emissions from ships by 2050 from 2008 levels. Today, more and more maritime stakeholders are calling for full decarbonization by mid-century. This ambitious transition toward zero-carbon shipping can only be achieved effectively and equitably with stringent policy intervention. This webinar will take a deeper look into the prospects of market-based measures to enable and accelerate shipping’s decarbonization. It will set a particular focus on the revenue-raising potential of carbon pricing and the strategic use of carbon revenues for the benefit of an equitable energy transition in the shipping sector and beyond.
In the first half of 2022 the International Maritime Organisation will consider the ‘lessons learnt’ from the heavily contested Impact Assessment procedure being employed in the assessment of measures for reducing shipping's GHG reductions.
While impact assessments are a relatively new field for the IMO, they have a longer history in other sectors. Two new legal research papers question the legal basis of some of the key underlying uncertainties in the IMO process to date.
Associate Professor Bordahandy (USP Law School) has led a MCST team in a deep research dive to look at where the IMO Impact assessment process originated from and asks whether the IMO has confused Environment Impact Assessments (EIAs) – which are reasonably well understood and recognized - with Regulatory Impact Assessments (RIA), a markedly different and less well recognized and defined instrument. The paper concludes with suggesting a series of six priority actions for Pacific delegations to consider advocating for in forthcoming IMO sessions.
The Clean Seas Coalition has also raised the issue of IMO's interpretation of Impact Assessments. In a detailed legal assessment lodged as an information paper at the upcoming 11th Intercessional Working Group, highly respected legal expert Kate Cook at Matrix Chambers and Leigh Day Solicitors of London examines the precedents around Environmental Impact Assessments, particularly positive impacts, as used in other theatres to highlight the deficiencies in the current IMO regime.
Schooner Apollonia’s cargo and fuel use records from 2021 show that the ton-mile fuel efficiency of even a very small sail freighter is far higher than comparable trucking. Operational results show a fuel efficiency of 134.6 ton-miles per gallon of diesel fuel while operating at 21.5% tonnage intensity, as compared to an average of 70 tm/gal for US trucking overall. click here to read more