Maritime Risk International
CO2 monitoring at top of ICS agenda
The International Chamber of Shipping (ICS) board has reiterated ICS support for a global system of CO
2 Monitoring, Reporting and Verification (MRV) at the International Maritime Organisation IMO), provided the mechanism is simple
to administer, primarily based on fuel consumption and bunker delivery notes and the system itself will not be used for the
development of a full blown market based measure or a mandatory system of energy indexing for existing ships.