IMO MEPC 80: Shipping to reach net-zero GHG Emissions by 2050Kate Porteous
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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Windship Technology is essential to the global transportation revolution. The shipping sector is ready for change. Windship Technology has the solution to make it happen. Contact us on firstname.lastname@example.org for further information.