Euronav: Long-term emission plans need to be feasible

"Long-term targets are aspirational rather than feasible," says Euronav CEO, Hugo De Stoop, in a comment to ShippingWatch. Yesterday, a number of major maritime stakeholders advocated to raise IMO's ambition to half CO2 emissions in 2050.

Hugo de Stoop, CEO of Euronav thinks long-term decarbonization targets are "aspirational rather than feasible". | Photo: PR / Euronav

Euronav's CEO, Hugo De Stoop, believes the IMO's plan to lower shipping's carbon intensity by 40 percent by 2030 is a feasible plan that will still be challenging to meet.

But he finds it rather premature to enhance the IMO's ambition to halve shipping's greenhouse gas emissions by 2050 as proposed yesterday, Tuesday, by several major carriers.

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