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In-Depth Information
China also stated that the resolution, for the first time introducing the CBDR
principle into IMO, provided a sound foundation and guidance for further discus-
sion on GHG emissions. 89 Not surprisingly, concerns for the implementation of the
resolution have been shared by other developing countries such as India and
Venezuela. 90 As stated by the representative of Venezuela: “that the position of
Venezuela has been more than clear and its concerns about the history of the actions
taken on this matter from the outset are very much in line with what has been said
by China”. 91 India strongly requested the IMO “to put in place effective mecha-
nisms to continuously assess and monitor the effectiveness of implementation of
this resolution, so that the support materially reaches the entitled developing
nations”. 92
Conclusion
If properly implemented, the Energy Efficiency Regulations have a good
prospect for significant reduction of emissions in the maritime sector. How-
ever, non-implementation of the CBDR Principle may result in a serious
bottleneck in the global acceptance of these regulations. Nevertheless, con-
sidering the nature of the industry, this new instrument will hopefully encour-
age some technological development that may create environmentally-sound
and less costly alternatives to existing practice. The Energy Efficiency Reg-
ulations have created a unique problem for some developing countries.
Leading developing countries may have to implement these regulations,
despite their opposition. LDCs may face serious problems in implementing
these regulations due to their financial and technical inability. Previous
experience shows that the IMO
s technical cooperation program is not very
successful in generating adequate financial and technical assistance for
LDCs. 93 Therefore, it is of paramount importance that developed country
members should come forward to fulfill their commitment in providing
technical assistance and transfers. However, it is doubtful whether the com-
mitment for assistance and technology transfer will be satisfactorily fulfilled.
'
89 Ibid.
90 Ibid.
91 Ibid.
92 Ibid.
93 See Karim ( 2010 ).
 
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