Concerns over the “roadmap” for decarbonizing shipping

Serious concerns astir the “roadmap” for decarbonizing shipping – Net-Zero Framework (NZF) – which is expected to beryllium enactment guardant for adoption successful mid-October astatine the International Maritime Organization, are being expressed by some of the largest shipping groups successful the world.

In particular, 19 companies, including Greek interests, which power much than 1,200 ocean-going ships, with a total carrying capableness of implicit 150 cardinal dwt, item the large applicable problems that an statement that emerged aft large compromises could make for the industry, but besides for the planetary economy.

“Our purpose is to guarantee that the voice of the manufacture is heard and taken into relationship by decision-makers,” they noted.

According to the associated statement: “It is indispensable that the IMO NZF implements greenhouse state (GHG) measures that are acceptable for purpose, providing incentives for available transition options and giving the close signals to the marketplace to alteration the decarbonization of the shipping sector, while avoiding excessive fiscal burdens and inflationary pressures connected the extremity consumer.”

“These cardinal issues cannot beryllium resolved done post-adoption guidelines. We judge that captious amendments to the IMO NZF are required, including information of realistic targets and limits, surplus allocation and incentives to support transition and SMEs, with transparency successful the absorption of funds, earlier the adoption of the regularisation is considered.”

Major investments

The shipping manufacture has already undertaken peculiarly costly initiatives, with large investments to trim the biology footprint of ships.

“Collectively, we person made important investments to amended the ratio and c footprint of our existing fleets, successful summation to orders for state-of-the-art caller ships. It is vital that we proceed to beryllium encouraged to put successful this direction, while ensuring safe, reliable and competitory operations,” they noted successful their associated statement.
And they added: “Recognizing the value of a planetary model for the shipping sector, we wish to item that the IMO NZF, arsenic presently drafted, lacks a broad interaction appraisal and, astir importantly, intermediate substance availability checkpoints – comparable to erstwhile regulatory changes connected fuels, such arsenic IMO 2020. As it stands, we bash not judge that the IMO NZF will work efficaciously to decarbonize shipping successful enactment with the IMO 2023 strategy, nor that it will guarantee a level playing field, arsenic intended. This is of heavy interest to us.”