New insight brief offers reflections on what is needed from shipping’s regulatory enforcement mechanism

In the run-up to the 23rd Intersessional Working Group (ISWG 23) and 85th Marine Environment Protection Committee (MEPC 85), member states of the International Maritime Organization (IMO) have been meeting informally to find a potential pathway for agreeing and adopting a robust set of policy measures capable of delivering on the IMO’s 2023 Greenhouse Gas (GHG) Strategy.

Those informal meetings have led to several new design ideas about how companies could be required to comply with regulation. Discussions are ongoing, and the detail of any eventual proposal would need to be ironed out either in the legal text or in guidelines for implementation.

The Getting to Zero Coalition has engaged with its member companies to better understand how business cases for decarbonisation, including zero- and near-zero (ZNZ) fuels, would be impacted by the alternative designs being discussed.

At the time of writing, 15 member companies had been consulted, of which the majority were shipowners (container, dry bulk, and tanker all represented). Charterers, fuel producers, and infrastructure-side industry members were also consulted. The companies consulted were mostly based in Europe and Asia, with some participation from Latin American and US-based companies, but collective operational coverage from the 15 members is global.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →