India proposes a 5% zero-carbon marine fuel mix by 2030 as a realistic target

India called on the IMO to focus on a realistic target to ensure net-zero carbon fuels make up 5% of the marine fuel mix by 2030 without requiring additional checkpoints during this exploration and launch phase.

India on Monday urged the International Maritime Organization (IMO) to focus on a realistic target to ensure net carbon neutral fuels make up 5 percent of the marine fuel mix by 2030 without requiring additional checkpoints during this exploration and launch phase .

During the plenary session of the 80th session of the IMO’s Maritime Environmental Protection Committee here, Indian Delegate Ajithkumar Sukumaran, Chief Surveyor and Additional DG of the Ministry of Shipping, said: “Any unrealistic target will put undue pressure on governments to react to flawed policies, on industry to make hasty and unsustainable investments, and on research that pushes through half-finished and immature technological solutions – all of which will have long-term, irreparable effects on this industry.”

For this reason, India, which falls in the “extremely risky” category in the Climate Change Vulnerability Index, had presented a MEPC document proposing a path for phasing in the mitigation strategy while ensuring that the transition is smooth, achievable and inclusive runs leave someone behind.

India welcomed the proposal for a financial levy on greenhouse gas emissions, but said the motive behind such measures should not be to penalize the industry but to encourage the green energy transition.

“If the green transition is the main objective, the economic proposals should definitely examine ways to generate adequate funds to not only research and development in the maritime sector, but also for the production of alternative fuels and the development of the infrastructure for its supply networks in ports around the world.” Globus,” said Sukumaran.

The Indian delegate also warned the other delegates that unless the availability of affordable future fuels, more cost-effective, an economic measure alone or as part of a package of measures may not achieve the goals of the Paris Agreement without having a serious impact on trade of future fuel engines and training is guaranteed. It is ensured that sufficient personnel are available for operation.

He also called for revenue generation proposals and a strategic distribution of revenue to sectors in need.

Sukumaran said that many of the economic proposals currently on the MEPC 80 table support in one form or another, directly or indirectly, greenhouse gas pricing and trading, and that such variable, volatile and speculative proposals will inform future investment decisions in new carbon would affect free technologies, insecure and unattractive to developing countries.

“Nevertheless, we thank the co-sponsors of various economic elements, including China, Norway, Japan and ICS, and see value in all, although further fine-tuning and compilation is still needed,” said the Indian delegate.

India therefore requested the Consultation to take into account all financial proposals of this nature and to subject them to intensive deliberations in the forthcoming sessions with a view to presenting a more meaningful and comprehensive proposal before its adoption at a later date.

India also pledged to “fully support” any initiative by the IMO to control emissions from the maritime sector.

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