Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Shipping 'net zero by 2050'

Document Cited authorities 1 Cited in Related
Published date08 July 2023
Publication titleEvening Chronicle
Negotiators at the meeting of the UN's International Maritime

Organisation (IMO) in London, seen as key to curb global warming to 1.5°C since pre-industrial times, rubber-stamped a deal for shipping emissions to reach net zero "by or around" 2050.

The less firm deadline was agreed to take account of "different national circumstances".

The plan also calls for shipping emissions to be slashed by at least 20% but aiming for 30% by 2030 and at least 70% but working towards 80% by 2040, despite a push from Pacific nations for more ambitious targets.

Experts calculate the industry must cut its emissions by 45% by 2030 and reach net zero by 2050 to keep on track with the 1.5°C goal.

IMO secretary-general Kitack Lim said the deal "is in many ways a starting point for the work that needs to intensify even more over the years and decades ahead of us".

"With the revised strategy that you have now agreed on, we have a clear direction, a common vision, and ambitious targets to guide us to deliver what the world expects from us," Mr Lim said to member states.

The German government welcomed the agreement, calling it "an important milestone for ensuring that international...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT