Monday, July 10, 2023

IMO's MEPC 80 meeting released their agreement for GHG emission reduction for the international shipping industry and they will be net-zero by around 2050.

Happy Monday and welcome back to another week of Energy Specialists Consulting LLC News’ Blog!

We wrote about the U.N. International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC 80) meeting last week where 1,800 delegates attended either in-person or remotely, and we thought we should follow-up on some of what the organization agreed upon for the international shipping industry and their help in reducing greenhouse gas (GHG) emissions.  The IMO committee released a press briefing, “Revised GHG reduction strategy for global shipping adopted” on July 7, 2023.  The IMO committee revised their goals to reaching net-zero GHG emissions for around 2050, they pledged to the understanding the need to use alternative zero and near-zero GHG fuels by 2030, and lastly, they agreed upon strategy to ensure they were on-track for 2030 and 2040.  Some of the strategies for reaching their goals included designing and building more energy efficient ships, to implement the use of zero or near-zero GHG emission technologies, fuels or other energy sources on ships as well as following their agreed upon checkpoints and target dates.  The checkpoints are reducing GHG emissions in the shipping industry by at least twenty percent by 2030, when compared to 2008.   By 2040 the checkpoint strategy is to reduce GHG emissions by at least seventy percent, when compared to 2008.  The IMO made some other agreements as well as a timeline of meetings starting with MEPC 81 in the Spring of 2024 with the consensus of target dates of implementation of their agreed upon measures and strategies.  If you would like to read in more detail the press briefing, “Revised GHG reduction strategy for global shipping adopted” from the IMO, please click the link: ​Revised GHG reduction strategy for global shipping adopted (imo.org).

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