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ECSA Trusts that IMO Can Deliver an Ambitious Initial CO2

 European shipowners strongly believe that the environmental committee of the IMO, MEPC, can reach an ambitious initial CO2 reduction strategy by the end of this week, building on the results of the meeting of the intersessional working group of last week.   

Though negotiations may not be that easy with the governments, European Community Shipowners’ Association(ECSA) is confident that all governments will realize that a deal has to be made; the time has come. And a deal that the European governments can help arrive at will strike the right balance between the interests of all countries across the globe. 

If an initial strategy is agreed upon, a beginning made, the shipping industry and all other organizations in the maritime cluster will be able to move with all earnestness to a fully decarbonized shipping industry at the earliest.  

Alternative low carbon or carbon free fuels, alternative propulsion systems and operational measures will be absolutely necessary to reach that ultimate goal. Much R&D has to be done, for which public funding will be an important source of finance.   

Also by taking other smart and effective measures governments can speed up the developments, for example by supporting first movers and adapting or introducing legislation to accommodate new concepts.  

On the short and medium term other CO2 emission reduction measures are possible and should be introduced and implemented as soon as possible after a thorough assessment of all related aspects, to prevent mistakes that might harm longer term developments.



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