The 79th session of the IMO’s Marine Environment Protection Committee (MEPC 79) was held from 12 to 16 December 2022. Highlights include the adoption of a Sulphur Emission Control Area (SECA) in the Mediterranean Sea from 1 July 2025 as well as further…
IMO Update: Marine Environment Protection Committee – MEPC 79 Read More »
The shipping industry’s investment in reaching carbon net zero has been understood in a new report launched by BCG today: ‘Decarbonization and Willingness to Pay (WtP) in the Global Shipping Industry’. The key finding shows that despite global economic…
This week’s round of technical talks at the UN’s maritime regulator showed countries are prepared to phase out shipping emissions by 2050. More crucially, support appears to be building for the International Maritime Organization (IMO) to also adopt an…
UN shipping agency inches towards 2030 emission reduction goal Read More »
Shipping’s value chain can expect continued pressure on targets and commitments until it clearly aligns with an IPCC-derived definition of the steps needed to avoid temperatures rising above 1.5C. This pressure will come both from the policy process at…
European shipowners welcome the outcome of yesterday’s trilogue negotiation and the provisional agreement on the EU ETS maritime. The Parliament and the Council have embraced the calls of the industry stakeholders to earmark EU ETS revenues back to the…