IMO agrees on CO2 deal Maersk calls "ambitious"

After long-term preparations that led to two weeks of intense negotiations in London, the IMO's crucial meeting to settle a plan for shipping's CO2 reductions is now over and an agreement is settled. Emissions must be halved by 2050.

Photo: /ritzau/Marius Nyheim

IMO has agreed on a deal to at least halve the emissions of CO2 by 2050, after which it must be completely phased out, well-informed sources tell ShippingWatch.

From 2030, each individual vessel must reduce its emissions with 40 percent irrespective the development of world trade.

The conclusions are apparent from this photo of the end document:


Here are the first reactions from ICS: "The Paris-agreement of shipping"

And NGO, Transport & Environment, here.

Danish Shipping, here

Ambitious result

In a statement, John Bang Kornerup, Head of Sustainability Strategy & Shared Value, Strategy and Shared Value Projects, A.P. Moller – Maersk who attended the meetings this week, says the following:

"This week the UN International Maritime Organisation took a crucial step forward in the efforts to limit green-house gas emissions, aligning global shipping with the Paris agreement and its temperature goals. The agreement aims to reduce CO2 emissions from shipping by at least 50% in 2050, with an ambition to phasing them out completely.

A.P. Moller - Maersk is committed to play its part in combating climate change as outlined in the Paris Agreement, with an ambitious target of reducing CO2 emissions by 60 %, per container moved, by 2020 (2007 baseline). We have made a good progress with 43% reached so far, however efficiency measures are drying out.

We welcome the new ambitious results, which provides a much needed and important policy signal that will help accelerate investments into low carbon solution in shipping. Shipping moves 80% of global trade and is the most energy efficient way of transporting goods. As such shipping plays a crucial role in creating growth, jobs and opportunities across the global economy. Low carbon technologies are needed to ensure shipping can continue to fuel the global economy in a future low carbon world."

11th hour of IMO summit points to 50 percent reduction target for shipping emissions

Fears of diluting CO2 targets in the IMO at crucial point in time

Tough CO2 negotiations await the IMO this week

Frontpage right now

Hapag-Lloyd: New BAF will break with old policies

A new bunker adjustment factor at Hapag-Lloyd will help ensure two things, explains Juan Carlos Duk, managing director of global commercial development, to ShippingWatch. The BAF will very much address longstanding criticism from customers.

No supertanker orders in the third quarter

Higher prices and concerns over the order book have meant that the number of new orders for the major VLCC vessels in the third quarter landed at zero, writes JP Morgan in a new report.

DP World looking at Eritrea as a way to sidestep Djibouti troubles

Arabian port major DP World is considering investing in Eritrea as a possible key destination at the Horn of Africa, says CEO. Eritrea could thus become an alternative to Djibouti, where the company is in a dispute with the government concerning a terminal concession.

Aker BP reaches revenue of one billion dollars

Norwegian Aker BP achieved a revenue of one billion dollars in the third quarter and a combined result of USD 123 million after taxes, shows the interim report for the quarter. Rising oil and gas prices boosted the result.

Related articles

Latest news


See all

See all