@ Bonn 2008

Bonn Climate Change Talks - 2008

Side event on Bunker Fuel Emissions, Adaptation Funding & Technology Transformation at the Bonn Climate Change Talks, 2-13 June 2008: Presentation is now available (0.8 Mb).
The need to incorporate the principle of common but differentiated responsibilities in an instrument addressing shipping emissions is being actively discussed internationally.

We held a side event during the 28th sessions of the UNFCCC Subsidiary Bodies focusing on costs and benefits of an equitable hybrid scheme.

Who would benefit most?

We announced and debated results of an in-depth analysis that's started with high-level principles and their impact on various countries and stakeholders.

Impact on costs and direct benefits

We clearly demonstrated how the hybrid mechanism can deliver on the UNFCCC principles, especially on the principle of common but differentiated responsibilities and respective capabilities. This focus had been requested by several parties.
The detail of the side event are:

Bunker fuel emissions, adaptation funding and technology transformation

on Thursday 12 June 2008, 18:00-20:00 hours
at the Ministry of Transport, Bonn, Room METRO

IMERS - 4 Bali Pillars in 1 maritime scheme

    Event flyer . Synopsis and objective:
  • IMERS: a fair, hybrid scheme to mitigate emissions from international maritime transport that simultaneously provides innovative financing for adaptation and technology. Principles, costs & benefits, implementation & regulatory aspects, as well as impacts on states & stakeholders will be discussed.
  • Increase momentum for an equitable and affordable approach.

Why it was important?

  • First international proposition that delivers on the 4 building blocks of the Bali Roadmap
  • It does so at a scale of $4bn for mitigation, $4bn for adaptation, $2bn for technology
  • Already discussed within the IMO and the UNFCCC
  • The goal was to shape and increase momentum for a fair solution before 2012

Presentations and 3 debates were focused on

  • How to differentiate responsibilities within a global scheme for shipping?
  • Key design principles for an equitable and cost-efficient scheme:
    • Mitigation & adaptation equally important (funding 50:50)
    • Adaptation funding for developing countries only, of which 30% for LDCs (Least Developed Countries)
    • Technology fund to accelerate innovation and technology transfer
    • Long-term emission reduction goal
    • Supra-national implementation
  • International Maritime Emission Reduction Scheme (IMERS):
    • Why hybrid?
    • Costs & benefits for different countries and stakeholders
    • Implementation and regulatory aspects
  • Rapid progress and remaining obstacles:
    • Multilateral status
    • Time to accelerate

Presentation from the event is now available (0.8 Mb).
The event has been organised in cooperation with the Oxford Institute for Energy Studies.