The IMO Assembly welcomes the RBSA to present the Maritime Industry Decarbonisation Council

Shipping can and will do more

VISION

The MIDC bridges the gap between shipowners, charterers, shippers, equipment suppliers, ship builders, the research community, banks, classification societies and oil majors to ensure the development of an evidence-based policy on GHGs. The platform will enable the sector to reduce its CO2 emissions in the most cost-effective way, for all stakeholders involved.

OBJECTIVES

The MIDC aims to bring more structure in the debate on low carbon shipping. It is oriented around the steps in the decarbonisation pathway, looking both at technical and operational measures that can be taken in the short term and the future measures that will require more intense thought and preparation. Another cross-cutting subject area will be green financing, incentives and business case development.

It is highly unlikely that technical and operational measures and new financial models only will lead to a decarbonized world. Therefore, any new development regarding low carbon fuels will be an intrinsic part of the evaluations within the think-tank.

A dedicated team at RBSA has been mapping out the technical measures, low carbon fuels and renewable energy most likely to be taken up by shipowners. A constantly updated list of what’s going on in the shipping decarbonisation space (and developments on land) is an intrinsic part of this mapping exercise. Over the course of 2017 several steering committees with key experts were held at the RBSA to set the foundations of the platform. In the course of 2018, expert-meetings with stakeholders will be organized to identify what the most realistic short and medium term measures are. The 4 key components of this assessment being the CO2 reduction potential (from well to propeller), cost, maturity and scalability of the measures.

The work within the platform will be broken down along the 4 major components of the decarbonisation pathway:
1. Operational efficiency;
2. Technical efficiency;
3. Low-Carbon fuels;
4. Finance/incentives/business case developments.

Thanks to the Belgian Maritime Administration the Belgian Shipowners Association will be able to present the first findings of the Maritime Industry Decarbonisation Council at the IMO Assembly meeting Thursday 30 November in the main hall at 12.45pm.

FURTHER INFORMATION

The think-tank will be:
– A politics and commercial issues-free zone;
– Evidence-led;
– Independently funded;
– Have a multi-stakeholder oversight (not ‘owned’ or overly influenced by any stakeholder type);
– EU centric incubated maturing to become globally inclusive;
– Not limited to current market and political realities.

CURRENT MEMBERS

SEA-Europe (The European Ships and Maritime Equipment Association)
University College London Energy Institute
CMB, Exmar and DEME
Danish Shipping
Meyer Werft
IACS (the International Association of Classification Societies)
Shell Shipping
Carbon War Room
SSI (Sustainable Shipping Initiative)
In consultation with IPIECA (The global oil and gas industry association for environmental and social issues)