The IMO is requiring companies to halve their emissions compared with 2008 by 2050. However, the UK Chamber of Shipping wants the IMO to get in line with the Paris Agreement and commit to reaching net-zero emissions by 2050. This target has been widely adopted, although some governments and hard-to-abate sectors (such as aviation) have declined to commit to it thus far.
“We want to be at the forefront of the green agenda and now it is time to call for radical action,” said Bob Sanguinetti, Chamber CEO. “The aim of cutting shipping emissions by 50 per cent just doesn’t go far enough. We need to show the world we mean business and it is imperative that the IMO commits to a net-zero carbon emissions target by 2050.
“The shipping industry is one of the cleanest ways of moving goods around the world, but we know we need to do more to cut our emissions. We can’t kick the can down the road anymore. We need real action at the international level.”
The shipping...