INTERTANKO builds on IMO process with policy statement on GHG emissions from shippin

Executive summary
INTERTANKO!s policy on Greenhouse Gas "GHG# emission reductions from ships$ as appro%ed by the Association!s &ouncil$ has been written into a comprehensi%e policy statement that will be used by us as we represent our Members in upcomin international fora discussin GHG emission reductions' This policy will be re%iewed and updated$ as necessary$ based on de%elopments in these international fora' (e belie%e that the IMO is the appropriate body to re ulate GHG emissions from ships and fully support the IMO process to de%elop real and sustainable GHG emission reduction re ulations from ships that will not hinder international commerce' In addition$ we stron ly support the principle that GHG re ulations should be ship)fla neutral' INTERTANKO ad%ocates measures that would result in tan ible &O * and other GHG emissions reductions from tan+ers in a positi%e$ proacti%e manner' (e reco nise the importance of wor+in with other sta+eholders to ensure the ma,imum efficiency of both new ships and e,istin ships' To this end we are wor+in with shipbuilders and others on the desi n and construction of new ships$ and with other partners in the transportation chain on the utilisation of ships in ser%ice' (e belie%e that short and lon term tar et le%els for GHG emission reductions from ships should be ambitious but realistic$ and pro%ide incenti%es for sustainably achie%in them' (e will analyse Mar+et -ased Instruments "M-I# a ainst the Association adopted principles and will report the results of its e%aluation as soon as the details of concrete proposals become a%ailable'

INTERTANKOs policy
Climate Change INTERTANKO a rees that each industry sector$ includin transportation$ should stri%e to deli%er a si nificant contribution by reducin its Greenhouse Gas "GHG# emissions$ particularly &O* emissions' Greenhouse Gas Emissions from hipping INTERTANKO ad%ocates measures that would result in &O * and other GHG emissions reductions from tan+ers' .ome measures$ such as ship operations$ are under the direct control and thus the responsibility of tan+er operators' Howe%er$ some other measures$ such as impro%ed ship desi n$ impro%ed technolo ies and impro%ed lo istics can only be obtained throu h a close and coordinated cooperation with other sta+eholders and with o%ernments'

INTERTANKO belie%es that ener y efficiency will be ained throu h better syner y$ better coordination and systematic efforts towards optimisin shippin mo%ements /ointly with the other sta+eholders in%ol%ed in the lo istical chain' Regulatory !evelopments INTERTANKO belie%es that the IMO is the appropriate body to re ulate GHG emissions from ships' INTERTANKO supports the IMO process to de%elop real and sustainable GHG emission reduction re ulations from ships that will not hinder international commerce' INTERTANKO supports the idea that the GHG re ulations should be 0ship neutral1 as the only way to address a lobal en%ironmental issue' 2ifferentiatin %essels! GHG obli ations on the basis of a %essel!s fla would fail to ma+e a meanin ful en%ironmental impro%ement' "easures for G#G emission re!uctions INTERTANKO supports the adoption of the Ener y Efficiency 2esi n Inde, "EE2I# as soon as possible' INTERTANKO also encoura es the IMO to use the EE2I formulae for an early establishment of tar et le%els for &O * emission reductions for new ships' INTERTANKO supports the adoption of .hip Ener y Efficiency Mana ement 3lan ".EEM3# by the IMO' INTERTANKO members routinely apply operational measures aimed at impro%in ships! fuel efficiency' INTERTANKO has de%eloped a .EEM3 model specifically for tan+ers which is bein made a%ailable to our Members' The uide for tan+ers facilitates a harmonised and comprehensi%e recordin $ monitorin and reportin of the results' It also pro%ides further uidance on the usa e of the Ener y Efficiency Operational Indicator "EEOI#' INTERTANKO is acti%ely in%ol%ed in de%elopin best industry practice to ether with other sta+eholders$ particularly charterers$ for a better plannin of the %oya e with the %iew of reducin &O* emissions' "ar$et%&ase! Instruments '"&I( INTERTANKO is ma+in an in4depth analysis of any concrete Mar+et -ased Instruments "M-I# proposal a ainst a set of principles the Association has adopted and which embody the IMO!s nine principles' This incorporates an assessment of the role and ob/ecti%es for an M-I$ as well as its potential inte ration with other measures bein de%eloped within the IMO' INTERTANKO will report the result of its e%aluations and a comparison between %arious concrete alternati%e proposals as soon as more detailed presentations of these are a%ailable' Targets for G#G Emissions Re!uctions .hippin is a ser%ice industry whose acti%ity increases or contracts with the demands of society' Therefore INTERTANKO belie%es that GHG emission reduction tar ets should i%e due re ard to optimisin the supply chain' INTERTANKO belie%es it is essential that both sta+eholders and re ulators discuss and assess short and lon term tar etin le%els for GHG emission reductions from shippin ' The tar et le%els should be ambitious$ but they should also be realistic and thus pro%ide the incenti%e for sustainable efforts to achie%e them'

INTERTANKO belie%es it is more important to initiate the process of GHG emission reductions from shippin as soon as possible$ while acceptin that the initially a reed tar et le%els could be ad/usted as e,perience is ained' 56 No%ember$ *778
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