To make the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (the Hong Kong Convention) enter into force as soon as possible so as to promote the standardization of ship recycling activities worldwide, based on the statistics and analysis of relevant data, the forecast on global ship recycling demand and funding needs for green ship recycling was conducted. Considering the dilemma of the Hong Kong Convention and the efforts made by the European Union recently, the establishment of an effective comprehensive mechanism was proposed to accelerate the achievement of green ship recycling. The establishment of a global ship recycling fund in the framework of the Hong Kong Convention was proposed. Meanwhile, effective survey and certification mechanism as well as international and regional cooperation mechanism were highlighted. Through restricting the stakeholders by an effective mechanism design, the global green ship recycling was expected to be achieved as early as possible.
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