It could be the climate agreement of the year. In the coming two weeks 173 states at the International Maritime Organisation will discuss what a greenhouse gas reduction plan for shipping first proposed back in 1997 could look like.
Posted on - 2018-03-30Swedish environmental technology firms have joined the Shipowners’ Association to launch a climate-smart initiative for maritime that will drive export opportunities, as electrification takes hold of the industry.
Two major Swedish maritime businesses have joined forces with a research institute, a battery technology specialist and the shipowners' association to push for commercial opportunities within the maritime space that focuses on increased electrification.
Posted on - 2018-03-28Calls for a 70-100% cut in shipping emissions by 2050 are "unlikely to achieve consensus support", warns influential trade body ahead of a key UN meeting.
Even if the industry is not confident of changing that fast, experts warn lowballing ambition carries market risks. “The climate science on how long we have to reach zero emissions for 1.5C and well below 2C is quite clear,” said Tristan Smith, shipping and climate researcher at UCL. “That needs to be part of IMO’s level of ambition if it wants to avoid having to revise its level of ambition upwards in the future (which would be disruptive for the industry), or spend the next 30 years explaining why it should emit a greater share of a diminishing CO2 budget than everyone else.”
Posted on - 2018-03-28