ICS Responds to MEPC81 Outcomes

March 24, 2024

The International Chamber of Shipping (ICS) has issued a statement following the conclusion of the IMO Marine Environment Protection Committee (MEPC81) Meeting last week.

“We welcome the progress made during these intensive negotiations to achieve net zero emissions from shipping, and the support received from around 60 Member States for a flat rate contribution system per tonne of GHG. The purpose of the proposed system, put forward by the ICS, is to reduce the cost gap and incentivise the accelerated uptake of green marine fuels, as well as providing billions of dollars to support the maritime GHG reduction efforts of developing countries.

Source: IMO
Source: IMO

“We have gained a better understanding of the concerns of those governments who still have questions about our proposed feebate mechanism. ICS will seek to address these concerns with all governments before the next round of IMO negotiations in September, to help ensure that the necessary regulatory framework can be adopted next year, for global implementation by 2027.”

The ICS is delighted to see the following positive outcomes from the meeting that it contributed to:

As a co-sponsor, ICS was disappointed to see that the proposed resolution clarifying the current status of the Carbon Intensity Indicator (CII) rating system did not receive sufficient support from Member states. “However, we were heartened to see wide acknowledgement of the need to address the irregularities that have emerged. This heightened awareness is a positive outcome for the ongoing CII review as it is vital we have a workable system to ensure the industry reduces emissions. ICS trusts that all delegations can work towards an improved CII system that incentivises correct behaviours and fully aligns with the objectives of the 2023 IMO GHG Strategy.”



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