Climate science requires the maritime industry to phase out greenhouse gas emissions as soon as possible and demands urgent action, say industry leaders.

CEOs support International Maritime Organization (IMO) climate strategy to reduce the total greenhouse gas emissions by at least 50% by 2050.

CEOs recommend that the IMO’s Roadmap to a decarbonized future be aligned to 7 core principles: ambitious, predictable, market-oriented, technology-enabling, urgent, coherent, and enforceable.

CEOs stand committed to lead by example: they encourage public and private collaboration and urge their peers to join them in steering the shipping industry safely through decarbonization.

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Posted on - 2018-10-04

By Michael Liebreich
Senior Contributor 
Bloomberg NEF

In my article this March entitled Beyond Three Thirds, The Road to Deep Decarbonization, I referred to the vast opportunities that beckon in clean energy and transportation beyond the core markets of wind, solar, batteries and electric vehicles. Today I want to take a deep dive into commercial transportation, aviation, shipping and trains.

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Posted on - 2018-10-02

From Jan. 1, 2020, most of the merchant fleet will have to burn fuel containing less sulfur than it does today under rules set out by the International Maritime Organization, part of the United Nations. There’s been some speculation that the regulations might get delayed, since they’re expected to affect everything from oil prices to world trade. The IMO’s not budging. “It’s very important we go forward and give people confidence that the implementation date will go ahead,” Edmund Hughes, head of air pollution and energy efficiency at the IMO’s marine environment division, said in an interview in Singapore.

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Posted on - 2018-10-02