

Shipping, which transports around 90% of world trade and accounts for nearly 3% of the world’s carbon dioxide emissions, has faced calls from environmentalists and investors to deliver more concrete action, including a carbon levy. IMO Secretary-General Kitack Lim said the unanimous support from all 175 member states was “particularly meaningful” and that the deal opened “a new chapter towards maritime decarbonisation.”

LONDON, July 7 (Reuters) – Countries on Friday adopted a revised greenhouse gas (GHG) strategy for shipping that sets a net zero emissions target by around the middle of the century, prompting environmental groups to say it was nowhere near ambitious enough.Īfter days of discussions in London at U.N. shipping agency the International Maritime Organization’s (IMO) headquarters, member countries agreed to reach net zero “by or around, i.e., close to 2050, taking into account different national circumstances.”
