The World Shipping Council (WSC), a Washington, D.C.-based trade group that represents international liner shipping, is releasing for the first time concrete regulatory and economic pathways that it believes the UN International Maritime Organization (IMO) should adopt for the shipping industry to achieve carbon neutrality.
The World Shipping Council has outlined six regulatory and economic mechanisms that it believes are crucial for IMO member states to achieve a successful maritime energy transition.
The maritime shipping industry is estimated to be responsible for about 3% of global carbon dioxide emissions. IMO approved an initial strategy in 2018 to cut total greenhouse gas (GHG) emissions from ships by at least 50% by 2050 compared to 2008 levels, although details are still in development, and a comprehensive strategy is not expected until 2023.
