Business > Maritime
ICS seeks net zero emission standard

THE International Chamber of Shipping (ICS) has submitted detailed proposals to the United Nations body, the International Maritime Organization (IMO) and member nations, on negotiations supporting the development of a Global Fuel Standard as a technical measure to reduce the greenhouse gas (GHG) intensity of marine fuels, targeting 5 percent by 2030.

ICS said that with an aggressive tightening of this standard after 2030 developed with industry experts, the standard will work in practice.

Shipowners have called on member states to set a clear direction with increased ambition to achieve net zero carbon emissions by 2050. PHOTO BY ICS