World News
Green Groups Renew Call For Global Ship Emissions Cap, Wants Action at MEPC 69
The Clean Shipping Coalition (CSC), the Marine Conservation Society, and 10 other environmental groups Tuesday issued a press release urging European Union (EU) climate ministers to submit proposals for a global ship emissions cap at the United Nations Framework Convention on Climate Change (UNFCCC) and International Marine Organization (IMO) levels.
The groups also urge the IMO to agree a global emissions reduction target in 2016 and submit proposals at the Marine Environment Protection Committee (MEPC) 69 session.
Additionally, the coalition is asking the ministers to support Pacific Island states in capping their shipping emissions, and to "support additional finance through measures for shipping emissions reductions for mitigation and adaptation actions in the poorest and most vulnerable countries."
The press release stated that "International shipping is still the only transport sector and one of very few in the EU not contributing to EU emissions reductions.......the EU should make clear that it intends to deliver shipping emissions reductions within its 2030 commitment."
The release suggested the EU make "the sector subject to the ETS from 2021", or have shipping companies make "voluntary contributions" to a compensation fund.
The latest demands were apparently triggered by the IMO last month rejecting a proposal for the adoption of a global emissions reduction target at MEPC 68.
The CSC last month urged the shipping industry to support the implementation of a carbon emissions reduction target and argued the need is urgent in light of predictions that shipping emissions could grow up to 250 percent by 2050.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 539.00 | 4.00 | 664.50 | 6.00 |
| Rotterdam | 501.00 | 0.50 | 641.50 | 2.50 |
| Houston | 543.50 | 3.50 | 662.50 | 1.50 |
| Fujairah | 535.50 | 3.50 | 744.50 | 1.50 |
| Global 20 Ports Average | 571.00 | 1.00 | 746.50 | 0.00 |
| Global 4 Ports Average | 529.50 | 2.50 | 678.00 | 2.50 |
| Global Average Bunker Price | 621.50 | 1.00 | 801.50 | 1.00 |
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