At the IMO, discussions related to market-based
measures have been ongoing for several years, but are
moving only slowly. A number of revised and updated
proposals were submitted at the sixty-fourth session
of the MEPC. However, due to time constraints, the
Committee agreed to postpone relevant detailed
debate to the sixty-fifth session. In addition, the cosponsors
of one of the submissions (IMO, 2012d)
suggested that high priority should be given to the
development of an MEPC resolution to ensure that
financial, technological and capacity-building support
from developed countries for the implementation
of regulations on energy efficiency for ships by
developing countries. Hence, they considered that all
further decisions on MBMs must await the adoption
of this resolution, and that future consideration of
MBMs must fully take into account potential impacts
of those measures on developing countries. As a
result, pending the adoption of the resolution, during
its sixty-fifth session, the MEPC agreed to suspend
discussions on market-based measures and related
issues to a future session