IMO adopts new strategy to reduce greenhouse gas emissions from shipping Ship’s crew

Reuters

LONDON, July 7 (Reuters) – Countries on Friday adopted a revised greenhouse gas (GHG) strategy for shipping that sets a net-zero emissions target “by or around 2050”, which environmental groups have deemed insufficient.

After days of discussions in London at the headquarters of the UN’s International Maritime Organization (IMO), member countries agreed to “reach net zero by or around 2050, taking into account different national circumstances”.

Countries also agreed on “indicative control points” to reduce total annual greenhouse gas emissions from international shipping by at least 20% (30% compared to 2008) by 2030 and to reduce total annual greenhouse gas emissions by at least 70% (target) 80 % by 2040 compared to 2008.

“Agreed ambitions fall far short of keeping global warming below 1.5°C,” said John Maggs, president of the Environmental Clean Shipping Coalition.

Countries agreed in Paris in 2015 to limit long-term average temperature rise to 1.5 degrees Celsius, which also requires shipping to accelerate decarbonization.

Shipping, which carries around 90% of world trade and is responsible for nearly 3% of global carbon emissions, has been urged by environmentalists and investors to take more concrete action, including a carbon tax.

(Reporting by Jonathan Saul, editing by Jason Neely and Mark Potter)

(c) Copyright Thomson Reuters 2023.

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