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Shipping and Combating Climate Change. Shipowners reducing GHG emissions Peter M Swift Cancun, 9 December 2010. International Shipping’s Environmental Performance. Industry programmes in conjunction with the IMO : Oil pollution – reduced by more than 95% since 1970s Engine efficiency
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Shipping and Combating Climate Change Shipowners reducing GHG emissions Peter M Swift Cancun, 9 December 2010
International Shipping’sEnvironmental Performance Industry programmes in conjunction with the IMO: • Oil pollution – reduced by more than 95% since 1970s • Engine efficiency - improved by more than 20% in last 15 years • Volatile Organic Compounds (VOCs) - adoption of voluntary measures reducing Volatile Organic Compound (VOC) emissions by over 80% and over the next ten years will also deliver: • Toxic air emissions (SOx and NOx) –sulphur oxide (SOx) emissions being further reduced by approximately 90% and nitrogen oxide (NOx) emissions by approximately 60%
International Shipping’sEnvironmental Performance and Industry is working to reduce GHG emissions with the IMO on: • Technical measures: incentivising designers, manufacturers, shipbuilders and shipowners, etc. - including the Design Index applicable to all new ships • Operational measures: incentivising operators, charterers, shippers, ports, etc. - optimising ship speeds, adopting guidelines on energy management programmes and performance indicators applicable to all ships • Economic measures: to complement other measures - developing appropriate measures to be equally applicable to all ships
Shipping is energy efficient - environmentally responsible, reliable and cost efficient Source: Danish Shipowners Association
Shipping is energy efficient …… and still has a massive incentive to continuously reduce its GHG emissions US $ 240,000,000,000 - the annual fuel bill for international shipping - and one that is set to rise as oil prices rise and cleaner fuels are introduced - fuel bill is often 60- 80% of total operating costs
Industry has bought in to mandatory efficiency improvements – to reduce GHG emissions on new ships by 30% by 2025 Design Index (EEDI) Reference LineToday 10% Attained EEDI < Required EEDI Phase 1 2015 - 2019 20% Phase 2 2020 - 2024 30% Phase 3 on and after 2025 Ship Size (DWT) [Tankers>20,000 DWT]
Examples of Technical and Operational Mitigation Measures - applied or under investigation
Examples of Technical and Operational Mitigation Measures - applied or under investigation
An example in the tanker shipping sector Cooperation between charterers and shipowners - Project known as “Virtual Arrival” When a delay at a port or terminal is identified, the ship’s passage speed is adjusted to meet the new arrival schedule Resulting fuel savings lead to a reduction in CO2 emissions of typically 15% http://www.intertanko.com/upload/virtualarrival/virtualarrivalbrochure.pdf http://www.intertanko.com/upload/virtualarrival/virtualarrivalinformationpaper.pdf Other benefits include: Reduced congestion & toxic emissions in the port area Improved reliability/safety Increased use of weather routing
International Shipping delivers ! • 90% of world trade • in a highly energy efficient manner • and is absolutely committed to continuing to do so, - playing its part in combating Climate Change
THANK YOU FOR YOUR ATTENTION For more information, please visit: www.intertanko.com www.shipping-facts.com www.maritimeindustryfoundation.com 2010 – The Year of the Seafarer