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. This paper takes stock at the status of shipping decarbonization, with an emphasis on Market Based Measures (MBMs). Related IMO regulatory action is contrasted to action by the European Union (EU) in the context of including shipping into the EU Emissions Trading System (ETS).
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 24th International Conference MPL of MHCL '22 |
| Number of pages | 4 |
| Publication date | 2022 |
| Publication status | Published - 2022 |
| Event | 24th International Conference on Material Handling, Constructions and Logistics - Bar, Montenegro Duration: 14 Dec 2022 → 16 Dec 2022 Conference number: 24 |
Conference
| Conference | 24th International Conference on Material Handling, Constructions and Logistics |
|---|---|
| Number | 24 |
| Country/Territory | Montenegro |
| City | Bar |
| Period | 14/12/2022 → 16/12/2022 |
