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Home » World Shipping Industry Agrees to Reduce Carbon Emissions 50 Percent by 2050

World Shipping Industry Agrees to Reduce Carbon Emissions 50 Percent by 2050

April 17, 2018
Industryweek

"The initial strategy envisages for the first time a reduction in total GHG (Greenhouse Gas) emissions by at least 50 percent by 2050 compared to 2008," the IMO said in a statement.

Major shipping nations such as Saudi Arabia and the United States had objected to earlier drafts in two weeks of discussion at the 173-member organization based in London.

Some countries such as the Marshall Islands, which are at risk of rising seas but are also a major flag state, had wanted a stronger commitment and the EU wanted a 70- to 100-percent cut.

But the agreement was widely hailed by stakeholders.

"This is a ground-breaking agreement — a Paris agreement for shipping — that sets a very high level of ambition for the future reduction of carbon dioxide emissions," the International Chamber for Shipping's secretary general Peter Hinchliffe said.

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KEYWORDS Chemicals & Energy Global Logistics Global Supply Chain Management Industrial Manufacturing Logistics Ocean Transportation Regulation & Compliance sustainability Transportation & Distribution Transportation Management
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