MARITIME Industry Australia (MIAL) and Ports Australia welcomed the recently adopted IMO strategy to reduce greenhouse gas emissions (GHG) in the shipping industry.
Ports Australia CEO Mike Gallacher said the industry was fully behind the move and pointed out the Australian sector was leading environmental efforts in many fields.
“Our industry is committed to the best possible environmental outcomes and given that this is an international decision that will impact equally across the world, it is a good outcome,” he said.
“The strategy is the first step in a long process that will eventually see the sector run at a near zero emissions level.”
Mr Gallacher said Ports Australia would continue to support the Australian and state governments in their efforts to minimise the country’s impact on the environment and meet our contribution to the Paris Climate Agreement.
MIAL deputy CEO Angela Gillham said the Initial Strategy on Reduction of GHG Emissions from Ships, adopted on 13 April, was a significant and important step towards achieving complete decarbonisation of international shipping, in line with other sectors and what is required to achieve the goals of the Paris Agreement.
The Initial Strategy outlines emissions reduction goals out to 2050, including an efficiency target and an absolute sectoral emissions reduction target for the industry as a whole.
“MIAL welcomes this development,” Ms Gillham said.
“Setting targets – both in relation to efficiency, and as an absolute measure – will provide the market with the necessary signals to accelerate efforts toward low, and no emissions fuels and technologies.”
A statement from MIAL pointed out that climate change negotiations are inherently difficult, involving complex geopolitical issues – the divide between the developed and the developing world, reliance on international trade for economic growth and the urgent needs of states that are currently experiencing the impacts of climate change.
“Adoption of the Initial Strategy is a critical element of the IMO roadmap towards GHG emissions reduction, and aims to resolve some of the major political impediments to the industry embracing a low-carbon future,” Ms Gillham said.
“The industry needs time to come to terms with what a low carbon future looks like, whether that be the adoption of low carbon, or zero carbon fuels, energy efficiency technology, or speed optimisation – or indeed something else on the horizon – and ensure these possibilities are taken into account now, in planning for future investment decisions.
“Adoption of the Initial Strategy gives the industry the confidence needed to start planning now.” Ms Gillham said.