Contributing "China Solutions" to Cross the "Carbon Threshold" Conference

  • 10 January 2025
  • 10 January 2025
  • Shanghai Ocean Hotel (5th Floor, Ocean Hall)
  • Sibyl Xu
  • sx@bimco.org

The global shipping industry is facing increased uncertainties due to a decarbonisation storm driven by climate change efforts. Key developments include the EU ETS, requiring shipping companies to pay for carbon emissions starting in 2024, and the Fuel EU Maritime regulation, imposing stricter fuel greenhouse gas intensity limits by 2025. Meanwhile, the IMO targets net-zero emissions by 2050, necessitating significant changes across the sector.

To address these challenges, China COSCO Shipping Journals《Maritime China》, in partnership with the China Shipowners' Association and BIMCO, will co-host the "Fuel EU Maritime Carbon Tax Policy Analysis and Response Seminar" in Shanghai in January 2025.

The seminar aims to explore new opportunities and approaches for the green transformation of the shipping industry, overcome barriers to compliance, and find fair, reasonable, and practical solutions for global maritime decarbonisation.

Agenda

09:00 - 09:30

Registration

 

09:30 - 09:40

Welcome Address

 BIMCO

09:45 - 09:50

Welcome Address

 Mr. Zhang Yong, Deputy General Manager, COSCO Shipping Group

09:50 - 10:10

Keynote Speech: New Perspectives on Shipping Development Under Carbon Peaking and Carbon Neutrality Goals

 National Ministry Representative

10:10 - 10:30

Keynote Speech: IMO Maritime Carbon Tax Progress and Coordination with EU Carbon Tax

 China delegation member at IMO

10:30 - 10:50

Tea Break

 

10:50 - 11:10

Keynote Speech: Addressing Challenges from EU Carbon Tax and Fuel Regulations Through the Perspective of Contract Clauses

 Stinne Taiger Ivø, Deputy Secretary General & Director of Contracts at BIMCO

11:10 - 11:30

Keynote Speech: Thoughts and Suggestions on Addressing EU Carbon Tax Barriers in Shipping and Logistics

 Consulting Firm Representative

11:30 - 12:00

Keynote Speech: A bunker supplier’s perspective

 

12:00 - 13:30

Lunch (Buffet)

 

13:30 - 14:30

Panel Discussion 1: Complexities and Impacts of the EU ETS and Fuel EU Maritime Regulations.

Is there a potential risk of double taxation in the future?

What difficulties and risks are faced in paying carbon tax? What additional costs are imposed on ship owners?

From the perspective of short-term industry competition and medium- to long-term technology application and industrial development, what is the impact of the EU carbon tax on global trade and shipping? What countermeasures do shipping companies need to take?

What are the main impacts of the EU carbon tax on China-Europe shipping routes? What are the response plans for liner companies and bulk cargo ship owners?

The Fuel EU Maritime will take effect on January 1, 2025. What are the latest developments in fuel selection and clean energy technology innovation for shipowners? What are the future coping strategies?

Compared with the EU ETS and FuelEU Maritime, the shipping industry has not yet been included in China’s carbon trading system. What policy recommendations do we have for China’s future shipping carbon tax framework?

 Panellists:

 Maersk

 CMA CGM

 COSCO Shipping Line

 CHIPBROKER

 BSM

 CHIMBUSCO

 DNV

14:30 - 15:00

Tea Break

 

15:00 - 16:00

Panel Discussion 2: Decarbonisation Challenges in Regulatory and Commercial Contractual Contexts

What are the challenges of adding decarbonisation supplementary clauses to existing contracts?

In addition to the standard clauses drafted in response to the EU ETS regulations, BIMCO has also timely launched Fuel EU Maritime clauses for time charter and ship management contracts respectively. What industry demands are they mainly intended to address?

What challenges do the EU shipping carbon tax bring to ship financing, insurance, court judgement, arbitration, etc.?

What are the implications of the EU shipping carbon tax policy for the Chinese legal community?

At present, there is no legal framework for green energy certification in China. How to promote it? How to promote the internationally agreed certification system?

 Host by Zhuang Wei

 Panellists:

 BIMCO

 COSCO Shipping Bulker

 Shanghai Maritime University

 Gard

 Stephenson Harwood

 Cargo Owner

 Survey

 


 

16:00 - 17:00

Panel Discussion 3: Systematic Approach to Carbon Tax Compliance Through Industry Collaboration

China is the world's largest shipbuilding country and a major shipping country with significant influence in the world. How can we ensure the green and low-carbon development of China's fleet? How can we seize the limited window of opportunity to gain more time and greater development space for developing countries to achieve net zero emissions in the shipping industry?

What aspects of carbon market dialogue and cooperation can China and Europe carry out?

What progress has been made in the construction of China’s carbon emission trading market? How can we accelerate its development?

What is the status of the development of green energy certification institute? How to protect the enthusiasm of domestic new energy and clean energy production and manufacturing companies?

How do stakeholders share carbon emission data in collaboration?

In green fuel production, transportation, refueling and certification, how can upstream and downstream enterprises in the industry chain collaborate to build a green supply chain?

Decarbonisation in the shipping industry cannot be separated from financial support. What roles do banks play in this? What new trends will there be in the future?

 Panelists:

 CANSI

 Regulator

 SIPG

 Shanghai Energy Exchange

 Chinaoil

 China Power

 Bank of China

17:00 - 17:15

Closing Remarks

 Secretary General of China Shipowners’ Association, Mr. Zhang Aiguo

17:30

Dinner (Round Table)

 

Event host: 

  • China Shipowners' Association 
  • BIMCO
  • COSCO Shipping Media Centre:《Maritime China》 

Co-host:

  • China Association of the National Shipbuilding Industry 
  • China Shipowners Mutual Assurance Association
  • China International Freight Forwarders Association
  • Shanghai Environment and Energy Exchange
  • International Maritime Organization-Maritime Technology Cooperation Centre for Asia (MTCC Asia) 

Supporting organisations: 

Shanghai International Port Group, COSCO Shipping Lines, COSCO Shipping Energy, China Merchants Energy Shipping, DNV, Wintell & Co Law Firm