IMO gives itself one year to raise CO2 ambitions for shipping

The IMO’s Marine Environment Protection Committee further accelerates efforts to reduce shipping’s CO2 emissions, seeking agreement on a new and revised 2050 plan within one year. One of the most tangible proposals has been put to death, however.

Photo: PR-foto IMO

Even though one of the most tangible proposals in the UN International Maritime Organization’s (IMO) CO2 package seems to have died, a significant momentum is apparently present among member nations following last week’s meeting in the organization’s Marine Environment Protection Committee (MEPC).

At least when asking those players who want shipping’s decarbonization to accelerate further and want an ambitious long-term strategy for such efforts, that is, net-zero emissions by 2050.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs