IMO MBM Submission MEPC76-7-39

In April 2021, eight of the world’s key shipping organizations, including the Baltic and International Maritime  Council, International Association of Dry Cargo Shipowners, Cruise Lines International Association, International Chamber of Shipping and World Shipping Council, called on the International Maritime Organization (IMO) Member States  to immediately do what it takes to scrutinize the role of market-based measures (MBMs) in helping the global shipping industry meet much needed decarbonization targets 

Ahead of the 76th meeting of the IMO’s Marine Environment Protection Committee (MEPC), these Non-Governmental Organizations (NGOs)s are urging member states to consider measures to eliminate the 2% of all global CO2 that the shipping sector emits.   The MBMs proposed would put a price on CO2 emissions.  This would provide fiscal motivation towards tightening the price gap between fossil and zero-carbon fuels. 

The paper submitted for consideration at the June 2021 meeting encourages IMO Member States to consider the role of MBMs so that measures can be developed and implemented to enable the adoption of zero-carbon technologies and commercially viable zero-carbon vessels. The rub in all of this is that for this strategy to work, there must be real world alternatives, not just bench level technology.   Any type of scale up of these technologies would be enabled by a enormous speeding up of IMO coordinated R&D.  In November of 2020 the marine industry called on governments to move forward on a proposal for a $5 billion industry-financed research and development program that would help accelerate zero-carbon fuels and technologies.  MEPC 76 will be held virtually June 10-17 2021.  

The actual submission can be found below:

Published by MKD PV50

Margaret Kaigh Doyle has spent three decades working in the maritime and energy sectors. Doyle served four terms as an appointed member of the US Coast Guard Chemical Transportation Advisory Committee (CTAC), most recently chairing its LNG Fuels Subcommittee. In 2014, Doyle was responsible for developing and delivering the first set of LNG Bunkering Courses in North America. In 2017, she worked as a member of the prep team for Eagle LNG Partners Talleyrand Bunkering Depot, designed and built specifically to fuel the Crowley Dual Fuel ConRo Vessels. Doyle has also participated on the U.S. Delegation to the International Maritime Organization (IMO) on LNG matters and serves as a value contributor to the American Association of Port Authorities (AAPA), SEALNG and the Society for Marine Gas as Fuel (SGMF). She is a graduate of the U.S. Merchant Marine Academy and holds advanced degrees in engineering from The George Washington and Pennsylvania State Universities.

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