In November 2003, the IMO adopted resolution A.963(23) IMO Policies and practices related to the reduction of greenhouse gas emissions from ships. At its 52nd session in October 2004, the Marine Environment Protection Committee (MEPC) made progress in developing draft Guidelines on the CO2 Indexing Scheme and urged Members to carry out trials using the scheme and to report to the next session.
One purpose of developing guidelines on CO2 emission indexing is to develop a simple system that could be used voluntarily by ship operators during a trial period. The Committee agreed that a CO2 indexing scheme should be simple and easy to apply and take into consideration matters related to construction and operation of the ship, and market-based incentives.
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