The global shipping industry is not on track to meet its target of having zero-emission fuels account for 5% of all fuels by 2030.
Keyword: GHG Emissions
Pacific nations gear up for a fight over shipping emissions at critical UN meeting
Pacific nations are preparing for a pivotal week of negotiations in London on how to cut planet-warming greenhouse gas emissions in the global shipping industry.
Governments expected to close in on a global carbon price at UN talks next week
The IMO is expected to advance negotiations on what could be the world’s first universal carbon price (e.g. a levy) on a global polluter.
Why is the shipping industry not decarbonizing faster?
The year 2050 might seem distant, yet in the context of the green transition of global supply chains, the deadline is rapidly approaching. Decisions being made now are ones that will determine the shipping sector’s ability to decarbonize and achieve net-zero emissions by 2050.
Five camps dominate crucial phase of IMO climate talk
Different political factions have emerged ahead of the upcoming MEPC. Three groups are considered ambitious, while two are pulling in the other direction.
New chief of Norway’s shipowners wants to move faster toward climate targets
Knut Arild Hareide, new chief of the Norwegian Shipowners’ Association, says it will be difficult for shipping to achieve the 2030 climate target. It must not be delayed much, he says.
EU and IMO agree: global decarbonisation regulations are preferable
Representatives from IMO and the European Commission discussed the likelihood that the EU’s initial regulatory push on decarbonisation measures for the maritime sector could be superseded by global agreements within IMO.
Harnessing wind power for the next generation of sustainable shipping
With annual international shipping CO₂ emissions doubling since 1990 and now accounting for roughly 10% of global transportation emissions, the maritime shipping sector sits at a crossroads in the fight against climate change.
IMO and onboard carbon capture, storage and sequestration
IMO is shaping global shipping’s future with regulations on onboard carbon capture and storage (OCCS), carbon dioxide (CO2) sequestration and cleaner fuel standards to meet its 2050 climate goals
Business case for wind propulsion improves as decarbonisation rules kick in
FuelEU Maritime comes into force in January 2025 and wind propulsion is currently the only technology with a reward factor under the regulation. Vessels will be credited using such technologies by reducing the GHG intensity of energy used onboard.