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An International Fund for Greenhouse Gas Emissions from Ships INTERTANKO ISTEC & Executive Committees Dubai, 20 -21 January 2009 Christian BREINHOLT Director Danish Maritime Authority. What is the situation?. IMO - The Specialised Agency - No More Favourable Treatment UNFCCC

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An International Fund for

Greenhouse Gas Emissions from Ships


ISTEC & Executive Committees

Dubai, 20 -21 January 2009



Danish Maritime Authority

What is the situation
What is the situation?

  • IMO

    - The Specialised Agency

    - No More Favourable Treatment


    - A new global agreement in 2009 (COP 15)

    - Common but Differentiated Responsibilities

Imo action on ghg emissions from ships
IMO action on GHG emissions from ships

  • Nine fundamental principles

  • Technical measures

  • Operational measures

  • Market based measures

Nine fundamental principles
Nine fundamental principles

  • Effective in contributing to the reduction of total global GHG emissions

  • Binding & equally applicable to all flag States

  • Cost-effective

  • Able to limit or effectively minimize competitive distortion

  • Based on sustainable environmental development without penalizing global trade and growth

  • Based on a goal-based approach and not prescribe specific methods

  • Supportive of promoting and facilitating technical innovation and R&D in the entire shipping sector

  • Accommodating to leading technologies in the field of energy efficiency

  • Practical, transparent, fraud free and easy to administer

Principal debate in imo
Principal debate in IMO

  • IMO or UNFCCC principles?

  • Before or after COP 15?

  • Mandatory or voluntary?

  • Technical and/or market based?

Future work in imo
Future work in IMO

  • IMO GHG WG II: 9-13 March 2009

  • MEPC 59: 13-17 July 2009

  • Assembly: 23 November - 4 December

  • COP 15: 1- 18 December 2009

An international ghg fund rationale for the proposal
An International GHG Fund - rationale for the proposal

  • Long life of ships

  • Growth in international shipping

  • Contributions from all sectors

  • Offsetting GHG emissions

An international ghg fund key elements
An International GHG Fund – Key Elements

  • Bunker fuel contribution:

    - Mandatory registration of Bunker Fuel Suppliers

    - Based on the Bunker Delivery Note as evidence

    - Collection by registered Bunker Fuel Suppliers

    - Direct transfer to the International GHG Fund

    - Ships in international trade – all marine fuels

  • Revenues:

    - Mitigation, Adaption and Technology Projects

    - Non-vessel Specific R&D Projects

    - Technological Cooperation within IMO

  • A global, binding, separate legal entity – a new Convention

An international ghg fund obligations
An International GHG Fund - Obligations

The Ship Owners/Operators:

  • Purchase fuel from registered Bunker Fuel Suppliers

  • Keep the Bunker Delivery Note on board

    The Bunker Fuel Suppliers:

  • Mandatory/voluntary registration

  • Provide a certified Bunker Delivery Note

  • Collect and transfer directly to the International GHG Fund

  • Electronic report and recordkeeping of bunker fuel sold

    The States Parties:

  • Port State Control

  • Inspections of Bunker Fuel Suppliers

An international ghg fund organisation and administration
An International GHG Fund - Organisation and Administration

Legal Structure based on the IOPC Funds:

  • Assembly

  • Secretariat

    Tasks and responsibilities:

  • Receive, record and monitor information

  • Maintain and allocate revenues

  • Keep a ship specific registry

  • Keep a global registry of Bunker Fuel Suppliers

  • Submit an annual report

Co 2 offsetting impacts through a contribution
CO2 offsetting impacts through a contribution

Key figures

Total emissions from international shipping: approx. 1,100 Mt. CO2 (BLG 12/6/1)

Consumed bunker fuel: approx. 365 million tons

Actual price for a JI/CDM-credit: approx. EUR 10-15 (approx. $15 -22.5)

Expected future price for JI/CDM credit: approx. EUR 20-30 (approx $30-45)

Different scenarios

GHG contribution at a given US dollar per ton bunker fuel:

An international ghg fund virtues
An International GHG Fund - Virtues

  • Meet all nine fundamental principles:

    - Contribute to reductions in global GHG emissions

    - Equally applicable to ships – regardless of flag

    - Allow growth in international shipping

    - Support technical innovation and R&D

    - Easy to administer

  • Assist solving the challenges of climate change

  • Revenues for the benefit of developing countries

  • Embrace Common but Differentiated Responsibilities (States) and respect No More Favourable Treatment (ships)

  • Emission baseline established for free

  • Eliminates any need for allocating GHG emissions

  • Rely on well-established conceptual approaches

An international ghg fund
An International GHG Fund

Main points of concern addressed by INTERTANKO:

  • Kyoto compatibility?

  • GHG reductions through offsetting?

  • Varying contributions according to bunker fuel?

  • Enforcement mechanisms for Bunker fuel suppliers?

  • Non-compliance by ships and/or Bunker Fuel Suppliers?

  • Practicality of the existing Bunker Delivery Note System?