On the 7th of July, the International Maritime Organisation (the ‘IMO’) has adopted the revised IMO Strategy on Reduction of GHG Emissions from Ships, which aims to improve:
- Energy efficiency for new ships
- Reduce carbon intensity in international shipping by 40% by 2030
- Increase the use of low-carbon technologies in shipping to represent 5-10% of energy by 2030
- Achieve net-zero emissions from international shipping by around 2050.
Measures will involve a goal-based marine fuel standard and maritime GHG emissions pricing mechanism, promoting energy transition and a fair transition for all.
The Strategy also acknowledges the unique requirements of developing nations, specifically Least Developed Countries (LDCs) and Small Island Developing States (SIDS), regarding capacity-building and technical cooperation. This is a clear step towards ensuring a more sustainable and environmentally friendly future for international maritime transport.