Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (, Please navigate to Platts Market Center to reset your password.

In this list

IMO adopts plan for 50% cuts to shipping GHG emissions by 2050

Thermal Coal | Electric Power | Renewables

Crunch time for German coal phase-out decision

Shipping | Marine Fuels

Platts Bunkerworld

Asia Pacific Petroleum (APPEC)

LNG | Shipping | Marine Fuels

Wartsila sees rising orders in marine segment as IMO rules loom

IMO adopts plan for 50% cuts to shipping GHG emissions by 2050

London — A key committee of the International Maritime Organization has agreed an initial strategy to cut the shipping industry's total greenhouse gas (GHG) emissions by at least 50% from 2008 levels by 2050.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Related story: IMO greenhouse gas cuts present unprecedented challenge for shipping

Related story: Methanol's use as marine fuel in question in wake of IMO's GHG agreement

The UN body's Marine Environment Protection Committee adopted the strategy Friday after a week-long meeting at the IMO's London headquarters.

The plan requires the industry to reach peak GHG emissions "as soon as possible" and reduce them by "at least" 50% from 2008 levels by 2050.

The strategy also requires carbon dioxide emission cuts "per transport work, as an average across international shipping" of at least 40% by 2030 and "pursuing efforts towards 70% by 2050".

Several countries had previously opposed an outright reduction of the industry's total emissions -- a more difficult measure than reducing emissions 'per transport work', as the size of the global fleet was expected to continue growing between now and 2050.

But the deal may not be radical enough for some.

The Marshall Islands and other countries had earlier argued that cuts of 100% by 2050 were the only strategy consistent with the aim of the 2015 Paris Agreement to limit global warming to 1.5 degrees Celsius over pre-industrial levels.

The words "at least" in the strategy may have been key to gaining the support of countries proposing tougher measures, as they allow for the possibility of toughening the cuts at a later stage.

In comments Friday morning before the MEPC adopted the strategy, IMO Secretary General Kitack Lim said the deal was a "compromise positon" that "may not be satisfactory to all".

"Please remember, this initial strategy is not a final statement but a key starting point," he said.

--Jack Jordan,
--Edited by Daniel Lalor,