While the IMO is one of the smallest UN agencies with a modest financial footprint, it still packs a punch, Morooka argued. "The IMO MARPOL Convention on pollution prevention has contributed significantly to the dramatic reduction in oil pollution from ships despite massive growth in maritime trade.
“MARPOL also addresses sulphur emissions and the reduction of CO2 from global shipping, the only global deal on CO2 emissions of its kind developed for a whole industrial sector. This will reduce CO2 from ships by 20% by 2020 with further reductions going forward."
In a statement, ICS stipulated that United Nations Convention on the Law of the Sea (UNCLOS) and its “carefully agreed balance between the rights of nations” should remain intact, in the eventuality of a new maritime body is to be established alongside IMO.
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