IMO MEPC 80: Shipping to reach net-zero GHG Emissions by 2050

The 80th session of the IMO’s Marine Environment Protection Committee (MEPC 80) adopted a revised GHG (Greenhouse Gas) Strategy. The revised strategy aims to significantly curb GHG emissions from international shipping. The new targets include a 20% reduction in emissions by 2030, a 70% reduction by 2040 (compared to 2008 levels), and the ultimate goal of achieving net-zero emissions by 2050. New regulations are expected to enter into force around mid-2027.

The 2023 Strategy also has a new level of ambition, that originates from work originally done by UMAS and the High Level Climate Champions and Global Maritime Forum – namely that uptake of zero or near-zero GHG emissions technologies, fuels and/or energy sources to represent at least 5%, striving for 10% of the energy used by shipping by 2030. This is a key enabler of early investment into the long – run solutions that can ensure this decade will see emergence and increasing use of zero emissions technologies and supply chains, ready for their rapid scaling from 2030.

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Source: https://www.dnv.com/news/imo-mepc-80-shipping-to-reach-net-zero-ghg-emissions-by-2050-245376