Shipping sector eyes carbon trading mechanism
Crucial talks at the IMO focus on a two-tier emissions trading scheme combined with a marine fuel standard
Negotiations getting underway at the International Maritime Organization (IMO) could result in agreement for the first time in a binding regulation that would aim to decarbonise the shipping sector by 2050. The IMO’s Marine Environment Protection Committee (MEPC) will meet in London from 7–11 April to build on work already carried out in working groups. The IMO’s agreed GHG Strategy commits member states to adopting new mid-term measures to reduce greenhouse gas (GHG) emissions from ships in late 2025, including a fuel standard and GHG emissions pricing mechanism. “The ICS stands ready to assist wherever possible, but ultimately it is now in the hands of governments to deliver” Platten
Also in this section
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
8 April 2025
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information
4 April 2025
Crucial talks at the IMO focus on a two-tier emissions trading scheme combined with a marine fuel standard
