At MEPC 80 on Friday 7 July the IMO revised its 2018 GHG reduction targets for international shipping with a new target for international shipping reaching ‘net zero’ close to 2050 and indicative checkpoints of a cut in total greenhouse gas emissions of at least 20% by 2030, but ‘striving’ to reach cuts of 30% by then, and 70% in 2040 but ‘striving’ for 80%. GHG emissions are now to be calculated on a ‘well to wake’ basis. There is also a target that at least 5% of the energy used for international shipping by 2030 should be zero carbon, or near zero carbon, but ‘striving’ to reach 10% by then. There is no change to the 2018 target of reducing the carbon intensity (emissions produced per cargo and distance travelled) of international shipping by 40% by 2030, compared with 2008 levels. The IMO has set a deadline of 2025 for the development of mid-term measures to support its GHG strategy, with them to come into effect in 2027.
No decision was made on the proposed carbon levy, but the proposal lives on for future discussion. Discussion on the application of on-board carbon capture and storage or utilization, has been postponed to the next intersessional meeting of the Working Group on GHG reductions.
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Professor Simon Baughen
Professor Simon Baughen was appointed as Professor of Shipping Law in September 2013 (previously Reader at the University of Bristol Law School). Simon Baughen studied law at Oxford and practised in maritime law for several years before joining academia. His research interests lie mainly in the field of shipping law, but also include the law of trusts and the environmental law implications of the activities of multinational corporations in the developing world. Simon's book on Shipping Law, has run to seven editions (soon to be eight) and is already well-known to academics and students alike as by far the most learned and approachable work on the subject. Furthermore, he is now the author of the very well-established practitioner's work Summerskill on Laytime. He has an extensive list of publications to his name, including International Trade and the Protection of the Environment, and Human Rights and Corporate Wrongs - Closing the Governance Gap. He has also written and taught extensively on commercial law, trusts and environmental law. Simon is a member of the Institute of International Shipping and Trade Law, a University Research Centre within the School of Law, and he currently teaches at Swansea on the LLM in:Carriage of Goods by Sea, Land and Air; Charterparties Law and Practice; International Corporate Governance.
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