International Maritime Organisation (IMO) has called for consideration of developing countries in enforcement of Maritime decarbonisation even as it said it required financial instruments.
This according to the organisation, is to ensure no one is left behind
The message was highlighted during a panel debate at the World Oceans Summit on financing ship decarbonisation on Tuesday
IMO’s Gyorgyi Gurban said that pilots and trials of new technologies for shipping’s decarbonisation were promising.
“Now, these pilots needed to be scaled up and this needs investment from international finance institutions. Importantly, investment in technology development needs to ensure that research and development in the global north is shared with knowledge, research and development hubs of the global south.
IMO has set the policy framework for decarbonisation, with mandatory energy efficiency measures already adopted and a revised GHG strategy set to be adopted in 2023.
“Additional regulatory measures could be adopted, but financial stakehokders should not wait for this to happen, Ms Gurban said
“If we don’t step up already now with this investment and continued pilot projects then we will be too late when the regulatory framework is fully fixed,” she said.
The other pamlnelists were: Nancy Karigithu, Principal Secretary, State Department for Maritime and Shipping Affairs, Ministry of Transport, Infrastructure, Housing and Urban Development, Kenya; Gianpiero Nacci, Director, Head of Climate Policy and Delivery, Industry and Infrastructure, EBRD; and Alexandre Anedjian, Head of Shipping Finance, Europe, Middle East and the Americas, Societe Generle.