During the United Nations International Maritime Organization (IMO) summit in London on July 7, 2023, maritime nations came together to address the pressing issue of greenhouse gas (GHG) emissions from international shipping. In a preliminary agreement, these nations announced an enhanced strategy to achieve net-zero emissions “by or around” 2050, taking into account the unique circumstances of each country.
Setting Ambitious Goals:
The updated GHG emissions strategy adopted at the UN IMO summit demonstrates the commitment of maritime countries to tackle climate change. The primary goal is to reach the peak of GHG emissions from international shipping at the earliest possible time. The strategy also outlines a roadmap towards achieving net-zero emissions “by or around” 2050. These ambitious targets reflect the urgent need to address the environmental impact of the shipping industry.
Timelines and Targets:
The 2023 IMO GHG Strategy outlines specific targets to guide the reduction of emissions. By 2030, the aim is to decrease annual emissions by at least 20% compared to 2008 levels. This commitment will be further strengthened by a target of reducing emissions by 70% by 2040. To promote the adoption of cleaner technologies, the strategy emphasizes that near-zero emission technologies should account for at least 5% of the energy used by international shipping by 2030. These targets highlight the industry’s dedication to transitioning to more sustainable practices.
Incorporating Biofuels and Certifications:
Recognizing the potential of biofuels in reducing GHG emissions, the IMO now allows the use of internationally certified biofuels in the shipping industry. This development opens up opportunities for countries like India to become leading suppliers of these environmentally friendly fuels. By incorporating biofuels, the industry can significantly decrease its carbon footprint and pave the way for a greener future.
Carbon Intensity Reduction and Just Transition:
To ensure a significant decrease in carbon intensity, the IMO’s strategy sets a goal of reducing it by at least 40% by 2030 compared to the 2008 baseline levels. This commitment underscores the industry’s determination to make substantial progress in emissions reduction over the next decade. Furthermore, the IMO recognizes the importance of a just transition for seafarers and other maritime workers. Measures are being implemented to provide support and opportunities for these individuals as the industry undergoes transformative changes.
The Urgency of Action:
According to the Intergovernmental Panel on Climate Change’s 2022 report, maritime shipping accounts for approximately three percent of global anthropogenic GHG emissions, with these emissions continuing to rise rapidly. The IMO’s own estimates from 2020 indicate that without intervention, shipping emissions could increase more than five-fold by 2050. It is clear that immediate action is needed to curb the industry’s environmental impact and align with global climate goals.
The Role of the International Maritime Organization:
- The International Maritime Organization (IMO) plays a vital role in addressing the challenges faced by the shipping industry. Established in 1948 as the Inter-Governmental Maritime Consultative Organization (IMCO) and later becoming a specialized agency of the United Nations in 1959, the IMO is responsible for improving the safety, security, and environmental performance of international shipping. As the global standard-setting authority for the industry, the IMO creates a regulatory framework that promotes fair and effective practices universally.
- Furthermore, the IMO actively contributes to the United Nations Sustainable Development Goal 14, which focuses on conserving and sustainably using the oceans, seas, and marine resources. By adopting ambitious GHG reduction strategies and fostering international cooperation, the IMO strengthens the maritime industry’s commitment to sustainable development.
