In the Paris Agreement of 2016, the signatory states committed to the goal of limiting global warning to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. What is the shipping industry doing to meet the Paris Agreement targets?
In this session we will look at both formal regulations and private initiatives to reduce greenhouse gas emissions from maritime transportation, such as the IMO’s ‘Initial Greenhouse Gas Strategy’, setting the targets for reduction in CO2 and greenhouse gas emissions by 2030 and 2050 respectively. We will also examine the EU’s ‘Fit for 55’ package, which aims at reducing greenhouse gas emissions by 55 per cent by 2030 and achieving carbon neutrality by 2050. A number of private initiatives, such the Poseidon Principles, Getting to Zero Coalition and others will also be discussed. An important part of these discussions is what role new types of fuel, as well as transition to other forms of energy resources, will play in the future.