The International Chamber of Shipping (ICS) has submitted plans to the International Maritime Organization (IMO) detailing urgent measures which it says governments must take to help the industry achieve net zero CO2 emissions by 2050.
Just one month before the shipping industry’s flagship COP26 decarbonisation conference ‘Shaping the Future of Shipping’, ICS is pushing governments to double the ambition of the IMO’s current target, which is to reduce emissions from international shipping by 50 percent by 2050.
The plans include a compulsory research and development (R&D) fund to develop zero-carbon technologies, and the development of a carbon levy for shipping to expedite the transition to more expensive zero-carbon fuels.
Source: Heavyliftpfi.com
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