The latest IMO agreement is considered pivotal for the future of the shipping industry. Commenting on its impact, ING’s Senior Sector Economist, Transport and Logistics, said that “the IMO agreement exceeds expectations in terms of willingness to cooperate and adopt global financial incentives....
Shipping: Emission Possible
IMO continues decarbonization of maritime transport after crucial vote
Although the ambition of the agreed measures has fallen short of expectations, OceanCare welcomes the fact that a majority vote secured to continue advancing the decarbonisation of shipping, making it the first global industry sector to adopt binding regulations for decarbonisation. The majority...
Global Shipping Walks the Plank – IMO Reaches Consensus but Falls Short on Ambition
The International Maritime Organization (IMO) met this week to finalise measures for its greenhouse gas (GHG) strategy – yet ambition fell short. Marine NGO Seas At Risk expressed deep concern over the failure of IMO member states to uphold even the minimum target agreed just two years ago. Their...
Phase-out of fossil fuels in shipping begins in earnest: IMO measures unlikely to reach GHG reduction targets, but close the LNG business case and send clear long run signal for hydrogen-derived fuels
The IMO’s Marine Environment Protection Committee 83rd meeting has concluded with a weak agreement on mid-term measures that does not reduce the sector’s emissions in line with targets in the IMO’s revised GHG strategy. The agreement, constitutes a fuel standard (a mandate on the GHG intensity of...
Atlantic Shipping Emissions Cut Agreed, But IMO Scrubber Ban Delayed
As a meeting of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 83) closes today, the Clean Arctic Alliance welcomes member states’ approval of a proposal for a new North-East Atlantic emission control area, scheduled to enter into force in 2027, which...
UN: Countries reach historic deal to cut shipping emissions
After years of intense negotiations, countries on Friday reached a landmark deal to cut greenhouse gas emissions from global shipping, setting mandatory fuel standards and introducing an industry-wide carbon pricing mechanism. The framework – agreed during the UN International Maritime Organization...
https://www.hellenicshippingnews.com/un-countries-reach-historic-deal-to-cut-shipping-emissions/
Unprecedented Global Agreement Gives Shipping Clarity on Critical Next Step To Decarbonization
The World Shipping Council has welcomed an unprecedented global agreement at the International Maritime Organization (IMO) today, as a critical next step toward shipping decarbonization. Following a contentious and difficult debate, the IMO reached agreement on a measure to be finalized and adopted...
IMO talks leave climate vulnerable countries adrift — Opportunity Green
The International Maritime Organization (IMO) Friday agreed measures to cut the international shipping sector’s greenhouse gas (GHG) emissions. The final agreement puts a global price on the shipping industry’s GHG emissions. However, the measures fall way short of the most ambitious proposals...
ICS cautiously welcomes critically important global agreement on shipping’s decarbonisation journey
After many years of negotiations, the International Chamber of Shipping (ICS) welcomes the agreement Friday at the United Nations’ International Maritime Organization (IMO), the shipping industry’s global regulator, of a critically important package of new greenhouse gas (GHG) emissions reduction...
UN agrees global carbon pricing for international shipping
The UN’s International Maritime Organization (IMO) has agreed on a key climate policy for global shipping–including pricing of emissions–aimed at delivering on the 2023 Revised Strategy goals: an equitable transition to net-zero by/around 2050. This follows a vote in the MEPC 83 plenary on Friday,...
https://www.hellenicshippingnews.com/un-agrees-global-carbon-pricing-for-international-shipping/