A plan to make the shipping industry more sustainable has been supported by 17 leading companies with a combined market value of $500 billion.
The proposal came from the Sustainable Shipping Initiative (SIS), a group of NGOs and companies, who have drawn up a 30-year vision for ships to use cleaner fuels and reduce their greenhouse gases. The signatories have committed to increase funding for emissions-reducing technology. T&E shipping officer Bill Hemmings said: ‘This is a positive initiative, and perhaps the first thing the SIS could do would be to use its influence to stop the shipping industry lobbying against new low-sulphur fuel standards.’
T&E's assessment of the impact of the IMO's draft Net-Zero Framework
Negotiators in London agreed for the first time on a framework that will require ships to switch away from fossil fuels, but the rules as they stand w...
Constance Dijkstra explains what needs to happen at the ongoing IMO negotiations