Friday, 13 April 2018 10:55

IMO reaches historic agreement on GHG reductions

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At this week’s session of the IMO’s Maritime Environmental Protection Committee, member nations adopted an initial strategy on the reduction of greenhouse gas (GHG) emissions from ships, setting out a vision to reduce and phase GHG emissions from international shipping. The initial strategy envisages for the first time a reduction in total GHG emissions from international shipping which, it says, should peak as soon as possible and to reduce the total annual GHG emissions by at least 50% by 2050 compared to 2008 levels, while at the same time pursuing efforts towards phasing them out entirely. The initial strategy identifies levels of ambition for the international shipping sector noting that technological innovation and the global introduction of alternative fuels and/or energy sources for international shipping will be integral to achieve the overall ambition. The International Chamber of Shipping believes that if the 50% goal is successfully met, the wholesale switch by the industry to zero-carbon fuels should therefore follow very swiftly afterwards. While there is a high degree of optimism amongst many member states, some states believe that is was a compromised solution that lacks a sufficiently detailed plan of how to achieve the targets. This agreement will lead to a further detailed plan to be completed by 2023.

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