At the regulatory level, the international shipping
industry is adhering increasingly to environmental
sustainability principles and is recognizing its important
role in maintaining the current international momentum
on sustainability and climate change action in maritime
transport. In 2011, the IMO (the body entrusted by
UNFCCC to develop and enact global regulations
to control GHG emissions from ships engaged in
that addresses carbon emissions from international
shipping, namely the Energy Efficiency Design Index
(EEDI) and the Ship Energy Efficiency Management Plan
(SEEMP) (see chapter 5 for a more detailed discussion
of the new rules). Market-based measures, such as
emissions trading or a global levy to help cut further
emissions from international shipping are also being
considered by IMO, but a number of outstanding issues