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An International Fund for Greenhouse Gas Emissions from Ships INTERTANKO

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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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Presentation Transcript
slide1

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
What is the situation?
  • IMO

- The Specialised Agency

- No More Favourable Treatment

  • UNFCCC

- 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?
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