Friday, 06 July 2018 10:37

ICS publishes insight on Paris Agreement

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The International Chamber of Shipping (ICS) has released a new publication to endorse the recent adoption by the UN International Maritime Organization (IMO) of its ambitious strategy for phasing-out CO2 emissions from the international shipping sector – a historic agreement which the global industry, as represented by ICS, fully supports. “Reducing CO2 Emissions to Zero” explains what the high levels of ambition agreed by IMO Member States could mean for international shipping. These targets include an efficiency improvement of least 40% - as an average across – the fleet compared to 2008, and a 50% cut of the sector’s total greenhouse emissions by 2050, regardless of future trade growth.  The publication also explores possibilities for the development of zero CO2 fuels that will almost certainly be required if a 50% total cut in GHG emissions is going to be delivered before 2050, as well as investigating policy options for short and medium term regulatory measures.

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