HEC Chairman Keith Michel in a presentation at Marintec China 2009 discusses ongoing climate change research related to ship design and operation. He explains how the reduction of greenhouse gas emissions can and should be a win-win scenario for both owners and the environment. Significant reductions in GHG emissions can be achieved while reducing overall costs to the shipowner. For this to happen, the GHG regulations applied to the maritime industries must:
- encourage optimization of ship design and operations,
- encourage cost-effective innovative technologies,
- while not distorting competition between modes of cargo transportation.