Monday, 16 April 2018

Global Warming

World shipping industry agrees to halve carbon emissions by 2050

Members of the UN International Maritime Organization on Friday struck a deal to halve carbon dioxide emissions from shipping by 2050 in a deal that will force the industry to redesign fleets.

“The initial strategy envisages for the first time a reduction in total GHG (Greenhouse Gas) emissions by at least 50 percent by 2050 compared to 2008,” the IMO said in a statement.

Major shipping nations such as Saudi Arabia and the United States had objected to earlier drafts in two weeks of discussion at the 173-member organization based in London.

Some countries such as the Marshall Islands, which are at risk of rising seas but are also a major flag state, had wanted a stronger commitment and the EU wanted a 70 to 100 percent cut. But the agreement was widely hailed by stakeholders.

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