IMO, Republic of Korea to Build Capacities to Mitigate GHG from Ships

21 April 2011: The International Maritime Organization (IMO) and the Korea International Co-operation Agency (KOICA) have signed a cooperation agreement for the implementation of a technical cooperation project on building capacities in east Asian countries to address greenhouse gas (GHG) emissions from ships.

The joint IMO/KOICA project is part of a broader climate change initiative by the Republic of Korea, titled "East Asia Climate Partnerships," which aims to support the Republic of Korea's efforts to take a lead in reducing carbon emissions and to move toward a low-carbon society, thereby achieving green growth and assisting developing countries in the region. Under the agreement, KOICA will contribute US$700,000 to fund ten activities to be implemented by IMO over a two-year period. The activities will focus on enhancing the capacities of developing countries in East Asia to develop and implement, at the national level, appropriate action to mitigate carbon dioxide emissions from shipping. [IMO Press Release]