Panama signs zero emissions declaration for 2050 for maritime industry

The President of the Republic Laurenlino Cortizo attended the 26th session of the Conference of the Parties (COP 26) of the United Nations Framework Convention on Climate Change (COP 26).

The Panama Ship Registry was present, through the Permanent Mission of Panama to the International Maritime Organization, and attended a series of events related to the maritime industry.

During COP 26, the Prime Minister of Denmark, Mette Frederiksen, presented the Declaration of zero emissions in the maritime industry by 2050, which commits the signatories to zero emissions in maritime transport and to work with the IMO to adopt targets for 2030 and 2040 and achieve decarbonization targets for the industry by 2050.

This declaration was signed by 14 countries which recognize the importance of minimizing the effects of climate change. They are: Honduras, United Kingdom, United States, Belgium, Denmark, Finland, France, Germany, Hungary, Iceland, Marshall Islands, Norway, Sweden and Panama.

The Panamanian registry continues to promote the construction of less polluting ships, offering special incentives for eco-ships and new constructions. The aim is to reduce the economic impact of environmental issues for ship owners and their fleets.

Panama supports the creation of the Research and Development Fund which will be managed by the International Maritime Research and Development Board (IMRB) and supervised by the International Maritime Organization (IMO), aimed at accelerating the development of new technologies in transport that are necessary for the decarbonisation of the sector.

The Panama Ship Register provides the IMO with collected fuel oil consumption data in accordance with MARPOL requirements. In 2020, the Panamanian flag achieved 100% compliance in the issuance of certificates and reporting to the GISIS platform, on the fuel consumption of its fleet.

Sourec: Panama Maritime Authority

The government of Panama is committed to the following topics:

– Declaration on the management and conservation of the tropical Pacific marine corridor for the conservation and management of ecosystems included in the eastern tropical Pacific marine corridor (Cocos, Galapagos, Malpelo, Coiba).
– Agreement to reduce methane gas emissions by 30% by 2030, which Panama has signed with 80 other countries.
– Commitment to end deforestation by 2030, of which Panama is a signatory, along with 100 other countries.
– President Cortizo was an honorary witness during the signing ceremony of the Declaration of Carbon Negative Countries.
– Panama signed the Glasgow Declaration for an equitable water footprint.

The International Chamber of Shipping organized the “shaping the future of Shipping” conference to address strategic points on the path to decarbonization and present its efforts to provide a sustainable future for the industry. The conference brought together member countries of the International Maritime Organization and industry representatives to discuss new technologies and alternative fuels needed to protect the environment.

At the conference, Panama presented its achievements in emissions reduction and the important role it plays in the transition, since it has one of them. the world’s major shipping routes and more than 8,000 ships flying its flag.

Panama, as a Carbon Negative country, will continue its efforts for the protection and preservation of the marine environment.
Sourec: Panama Maritime Authority