According to the International Energy Agency (IEA), shipping contributes 2.5% of global emissions—more than the combined emissions of Germany, a population of 83 million. It is also considered one of the hardest-to-abate sectors. The International Maritime Organization (IMO), the United Nations specialised agency with responsibility for the safety and security of shipping and the prevention of marine and atmospheric pollution by ships, has been working diligently to improve shipping’s environmental footprint for more than a decade through regulatory action. At the 80th Marine Environment Protection Committee (MEPC 80) meeting in July 2023, the revised IMO GHG Strategy targets were adopted. The maritime sector now aims to reach net-zero greenhouse gas (GHG) emissions by or around 2050, with indicative checkpoints for 2030 and 2040, reducing GHG emissions by at least 20% (striving for 30%) and 70% (striving for 80%), respectively. All targets are compared to 2008 emission levels. Achieving the new IMO targets, especially 2040 and beyond, will be “hugely challenging” and the entire maritime industry needs a paradigm shift, said Dr Sanjay C Kuttan, chief technology officer (CTO) of the Global Centre for Maritime Decarbonisation (GCMD) in his keynote address Maritime Energy Transition Towards Decarbonisation at the Asian Lubricants Industry Association (ALIA) Anniversary Dinner, held at Conrad Orchard Singapore on November 8, 2023. #carboncapturetechnology #decarbonisationstrategies #GCMD #greenshippingfuels #IMOEmissiontargets #low-carbonfuels #marineenvironmentalprotection #maritimeenergytransition #sustainableshipping Follow F&L Asia Ltd. for more industry updates here: https://lnkd.in/fGDzetn Subscribe here: https://lnkd.in/g2PczSmRe
F L Magazine - Navigating maritime decarbonisation: The future of green shipping https://buff.ly/3S35xXL
