Shipping decarbonisation: overcoming the obstacles

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Abstract

The “Initial IMO Strategy” was adopted in the 72nd session of the Marine Environment Protection Committee (MEPC 72) of the International Maritime Organization (IMO) in April 2018. It has set, among other things, ambitious targets to reduce greenhouse gas (GHG) emissions from ships, and purports to express a strong political will to phase them out as soon as possible. The most ambitious of these targets is to reduce GHG emissions by 2050 at least 50% vis-à-vis 2008 levels, and there is also an intermediate target to reduce CO2 emissions per transport work by 2030 at least 40%, again vis-à-vis 2008 levels. More than three years since the adoption of the Initial IMO Strategy, this chapter takes stock at the status of shipping decarbonisation and attempts to assess prospects for the future. Obstacles towards achieving the IMO targets are identified and discussed.
Original languageEnglish
Title of host publicationThe Handbook of Maritime Economics and Business
Number of pages26
PublisherRoutledge
Edition3rd
Publication statusAccepted/In press - 2024

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