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Shipowners after CO2 deal: Everyone must contribute now

The International Chamber of Shipping stresses to ShippingWatch that no carrier will be able to avoid participating if the content of the IMO's CO2 deal is to be realized. Hapag-Lloyd thinks the deal will ensure fair competition in the industry, but it will require more investments.

Photo: PR-foto/Hapag-Lloyd

There were disappointed stakeholders after the crucial IMO meeting last Friday on limited CO2 emissions from the global commercial fleet. And then there were camps that believe Friday's deal marks a historic victory for the International Maritime Organization (IMO), which has repeatedly received criticism for being unable to reach agreement on an ambitious climate deal.

The agreement reached in the MEPC (Marine Environment Protection Committee) was not as far-reaching as the most ambitious countries had hoped. Its main proponents were a group of EU nations and the Marshall Islands. But the deal is more ambitious than conservative countries such as Brazil and Saudi Arabia had argued it should be.

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