The China Mail - Polluting shipping to face climate reckoning

USD -
AED 3.673037
AFN 68.211665
ALL 83.532896
AMD 383.502854
ANG 1.789699
AOA 916.999605
ARS 1325.3501
AUD 1.53428
AWG 1.8025
AZN 1.702491
BAM 1.678726
BBD 2.016566
BDT 121.342432
BGN 1.678755
BHD 0.374147
BIF 2978.069611
BMD 1
BND 1.283464
BOB 6.900991
BRL 5.433798
BSD 0.998755
BTN 87.452899
BWP 13.43805
BYN 3.297455
BYR 19600
BZD 2.00618
CAD 1.375525
CDF 2890.000242
CHF 0.807797
CLF 0.024682
CLP 968.279931
CNY 7.181501
CNH 7.189545
COP 4044.89
CRC 506.072701
CUC 1
CUP 26.5
CVE 94.644007
CZK 20.97601
DJF 177.846444
DKK 6.40929
DOP 60.99309
DZD 128.915497
EGP 48.200314
ERN 15
ETB 138.586069
EUR 0.85876
FJD 2.2523
FKP 0.743868
GBP 0.743955
GEL 2.700507
GGP 0.743868
GHS 10.536887
GIP 0.743868
GMD 72.496085
GNF 8660.572508
GTQ 7.66319
GYD 208.952405
HKD 7.849795
HNL 26.151667
HRK 6.468898
HTG 130.681087
HUF 339.572006
IDR 16256
ILS 3.423545
IMP 0.743868
INR 87.48855
IQD 1308.355865
IRR 42124.999964
ISK 122.819789
JEP 0.743868
JMD 159.9073
JOD 0.709017
JPY 147.661971
KES 128.990062
KGS 87.449943
KHR 4000.686666
KMF 422.150012
KPW 900
KRW 1389.339649
KWD 0.30553
KYD 0.832325
KZT 539.727909
LAK 21608.514656
LBP 89486.545642
LKR 300.373375
LRD 200.248916
LSL 17.702931
LTL 2.95274
LVL 0.60489
LYD 5.415218
MAD 9.044505
MDL 16.768379
MGA 4407.536157
MKD 52.817476
MMK 2099.737573
MNT 3594.27935
MOP 8.075018
MRU 39.838634
MUR 45.409688
MVR 15.402791
MWK 1731.857002
MXN 18.587695
MYR 4.242502
MZN 63.959745
NAD 17.702931
NGN 1531.619647
NIO 36.753787
NOK 10.28401
NPR 139.924467
NZD 1.68111
OMR 0.381572
PAB 0.998755
PEN 3.535041
PGK 4.212695
PHP 56.880323
PKR 283.390756
PLN 3.64615
PYG 7480.36565
QAR 3.650401
RON 4.353701
RSD 100.553624
RUB 79.785293
RWF 1444.659028
SAR 3.752762
SBD 8.217066
SCR 14.720484
SDG 600.495506
SEK 9.573879
SGD 1.285325
SHP 0.785843
SLE 23.098421
SLL 20969.503947
SOS 570.790953
SRD 37.279028
STD 20697.981008
STN 21.02914
SVC 8.738681
SYP 13001.8509
SZL 17.696236
THB 32.380047
TJS 9.328183
TMT 3.51
TND 2.928973
TOP 2.342098
TRY 40.75225
TTD 6.779108
TWD 29.865971
TZS 2481.868034
UAH 41.31445
UGX 3563.795545
UYU 40.075533
UZS 12578.000944
VES 128.74775
VND 26225
VUV 119.401493
WST 2.653916
XAF 563.029055
XAG 0.026227
XAU 0.000295
XCD 2.70255
XCG 1.800009
XDR 0.700227
XOF 563.029055
XPF 102.364705
YER 240.450513
ZAR 17.747135
ZMK 9001.203799
ZMW 23.145788
ZWL 321.999592
  • SCU

    0.0000

    12.72

    0%

  • RBGPF

    1.2400

    73.08

    +1.7%

  • CMSD

    0.0600

    23.58

    +0.25%

  • NGG

    -1.0700

    71.01

    -1.51%

  • BCC

    -1.1000

    82.09

    -1.34%

  • SCS

    -0.1200

    15.88

    -0.76%

  • RELX

    -1.0566

    48

    -2.2%

  • CMSC

    0.0900

    23.05

    +0.39%

  • RYCEF

    -0.0200

    14.42

    -0.14%

  • JRI

    0.0250

    13.435

    +0.19%

  • RIO

    1.0900

    61.86

    +1.76%

  • GSK

    0.2200

    37.8

    +0.58%

  • BTI

    0.5500

    57.24

    +0.96%

  • BCE

    0.5700

    24.35

    +2.34%

  • AZN

    -0.5200

    73.535

    -0.71%

  • VOD

    0.1000

    11.36

    +0.88%

  • BP

    -0.0500

    34.14

    -0.15%

Polluting shipping to face climate reckoning
Polluting shipping to face climate reckoning / Photo: © AFP/File

Polluting shipping to face climate reckoning

The hefty carbon footprint of global shipping networks that crisscross our oceans and keep the world's economy afloat will come under scrutiny next week, as countries wrestle over measures to slash planet-heating pollution.

Text size:

Nations are under pressure to agree ambitious emission reduction targets and consider a tax on pollution by the sector at a key meeting of the International Maritime Organization. Currently shipping belches out roughly the same level of greenhouse gases as aviation.

The IMO Marine Environment Protection Commission (MEPC) meeting, held in London from Monday to Friday, is likely to pit climate-vulnerable nations -- particularly Pacific islands -- and some richer countries against big exporters such as China.

"The climate crisis is an existential threat to Pacific small island developing states, and many other countries, but can be seen as less urgent by countries with superior resources," Michael Prehn, the IMO delegate for the Solomon Islands, told AFP.

"This is why the Pacific has been consistently pressing for the highest possible ambition in climate regulation."

- Net-zero -

Shipping, which is responsible for around two percent of global greenhouse gas emissions, is judged to be off course in the fight against climate change.

Efforts to decarbonise so far centre around a 2018 IMO decision that instructed shipping firms to reduce CO2 emissions by 50 percent by 2050, from 2008 levels.

But that target is considered insufficient given the level of global emissions and compared to other industries, including aviation, which is aiming for net zero by the same mid-century deadline.

Nations in support of more ambitious cuts want the IMO to align its goals with the Paris Agreement's global warming limit of 1.5 degrees Celsius above pre-industrial times.

Some 45 countries -- including the European Union, the United States, Britain, Fiji, the Marshall Islands and Norway -- support a net zero target for the sector by 2050.

Most also support an intermediate target for 2030.

But emerging market exporters, particularly Brazil and China, have strongly resisted a change, according to observers at talks that started in late June ahead of the decision-making MEPC meeting.

A briefing note circulated by China, seen by AFP, framed the proposals as "unrealistic" and an effort by developed countries to boost their economic competitiveness by increasing shipping costs.

- A 'no-brainer' -

Ships transport 90 percent of the world's goods, and the sector emits around a billion tonnes of greenhouse gases every year, the equivalent of Germany or Japan.

Nicolas Entrup, director of international relations at marine protection organisation OceanCare, said a goal of absolute zero greenhouse gas emissions from shipping by mid-century, with interim targets, would be "the necessary step forward for humankind".

"It should be a no-brainer to bring the IMO targets in line with those of the Paris Agreement," he said. "We simply can't afford any other less ambitious path."

One immediate way to reduce emissions would be to simply slow boats down so they burn less fuel, he added.

Among the proposals coming from different countries, the EU wants net zero by 2050, with emissions reduced 29 percent by 2030 and 83 percent by 2040.

Countries such as the United States, Canada, and climate vulnerable Marshall Islands and Solomon Islands, want to go even further, with a 96-percent cut by 2040.

Observers say that while some countries are on the fence, the United Arab Emirates -- which will this year host the UN COP28 climate conference -- has swung in support of the goal of net zero by 2050. That has raised hopes of an agreement on the issue.

- Global levy -

But a potential deal on another flagship proposal -- to introduce a global levy on shipping emissions -- is going to be a harder sell.

French President Emmanuel Macron threw his support behind the idea at a recent climate finance summit in Paris, but said it would need backing from China, the United States and other European nations to work.

A source following the preliminary IMO negotiations said support had swelled to 70 countries but that major exporters including Brazil, China and Australia were against it. Brazil has argued it would harm food security and penalise developing countries.

There is also disagreement about where any revenues would be spent. There are debates over whether it should be used solely to decarbonise the sector, or whether some of the money should go to help countries cope with climate impacts.

The sums could be significant.

The Marshall Islands and the Solomon Islands, which have been campaigning for a tax for a decade, are proposing a tariff of $100 per tonne, with money helping vulnerable countries.

According to the World Bank, this could generate over $60 billion a year.

B.Chan--ThChM