The IMO wants 10% of the sector’s fuel use to be low-emission by 2030
IMO deal will push shipping towards hydrogen fuels
Methanol order book already starting to grow, but ammonia may take longer due to safety concerns
The recent International Maritime Organization (IMO) deal on shipping falls short of aligning the shipping industry with the goals of the Paris Agreement but will do more to encourage the uptake of alternative fuels, according to experts. The 2023 IMO Strategy on Reduction of GHG Emissions from Ships, adopted in early July, significantly increased ambition over the previous 2018 strategy. The IMO agreed on ‘indicative checkpoints’ of reducing emissions by at least 20% (striving for 30%) by 2030 and at least 70% (striving for 80%) by 2040, with net zero being reached by 2050. It also agreed that zero or near-zero greenhouse gas (GHG) emission technologies, fuels and/or energy sources to repre
Also in this section
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
12 August 2021
Facility expected online in mid-2022 with green hydrogen production and storage capacity adjacent to Fredericia refinery
11 August 2021
Japanese shipping giant and Australian energy firm aim to establish export supply chain by year-end
11 August 2021
Feasibility study supports BP plans for pilot and commercial-scale production in plants in Western Australia
