Keyword: GHG Emissions

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.

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.

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.

Different political factions have emerged ahead of the upcoming MEPC. Three groups are considered ambitious, while two are pulling in the other direction.

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.

Even before the meeting, which begins on Monday, it is clear that progress is needed in the negotiations on how the industry can reduce its carbon footprint.

Lack of political will in Europe is blocking the production of green hydrogen for sustainable fuels, warns the chief executive of MAN Energy Solutions.

Member states increasingly support an economic measure to incentivize emissions reductions from the shipping sector.

Access to clean maritime fuels is a top priority for the decarbonisation of the shipping sector.