Critical window of opportunity for shipping at IMO
The International Maritime Organization (IMO) is set to adopt its revised greenhouse gas emissions strategy (GHG) at MEPC 80 in London. This meeting will be the most important climate meeting of 2023, which will define the regulatory framework and transitional path for shipping’s decarbonization.
''Clarity on targets and regulation will unleash our collective innovation power to build a sustainable and resilient future, some think the maritime industry is not ready for this future, but we are.''
March 01 2023
To make sure IMO’s decision makers hear shipping and maritime industry leaders’ voices, and to raise awareness globally about the importance of having a Paris Climate Agreement-aligned GHG strategy, the Global Maritime forum, together with the Getting to Zero Coalition, is sharing a global call to action.
The shipping industry needs a strong and ambitious regulation and policy framework to reach its decarbonization goals. To fully decarbonize international shipping no later than 2050:
– scalable zero-emission fuels should make up at least 5% of international shipping fuels by 2030,
– measures and targets should be adopted based on a well-to-wake lifecycle that encompasses all GHG emissions,
– a basket of mid-term measures is necessary. A policy mix should combine demand-side policy with supportive supply-side policy to support the fuels transition and close the competitiveness gap,
– the fuels and energy transition for shipping can only happen with the urgency and scale needed if regulators ensure that the transition is just and equitable.
”Clarity on targets and regulation will unleash our collective innovation power to build a sustainable and resilient future,’’ says Johannah Christensen, CEO of the Global Maritime Forum, ”some think the maritime industry is not ready for this future, but we are. Join forces with us in the Getting to Zero Coalition.”
Watch the video here.