Effectively addressing climate change is possibly the greatest challenge of our time. In 2015 world governments agreed in Paris that global temperature rise must be limited to well below 2ºC, while aiming for 1.5ºC compared to pre-industrial levels. A recent IPCC 1.5º Special Report also recommended "deep emissions reductions" to achieve these temperature goals.
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In responding to this global challenge, member states of the International Maritime Organisation (IMO) agreed in April 2018 on an Initial GHG Strategy for international shipping. The strategy calls for shipping emissions to peak as soon as possible, for shipping’s carbon intensity to be reduced by at least 40% by 2030 and for total emissions to be cut by at least 50% by 2050 compared to 2008, while aiming for full decarbonisation. To do so, new operational measures will need to be implemented for both the existing fleet and new ships and immediate reductions achieved by 2023.
Decisions at the International Maritime Organization next year will define the future of the shipping industry
Dedicating a quarter of the carbon market revenues from the shipping and aviation industries can help to bridge the price gap between fossil fuels and...
T&E calls for stricter efficiency measures to ensure ships sail slower and invest in energy saving technologies like wind