European Shipowners welcome global agreement on shipping decarbonisation

European Shipowners | ECSA has welcomed the global climate agreement reached at the United Nations’ International Maritime Organization (IMO).

The important package of new greenhouse gas (GHG) emissions reduction regulations – the “IMO net-zero framework” – will help ensure international shipping’s transition to net zero, according to European Shipowners.

“Shipping will be the first sector to have a globally agreed carbon price. It is key that multilateral cooperation at UN level delivers concrete action in times of increasing uncertainty to achieve the 2050 net zero emissions target. Even though the agreement is not perfect, it is a good starting point for further work. It is a framework which we can build upon to ensure the necessary investment in the production of clean fuels,” said Sotiris Raptis, Secretary General of European Shipowners | ECSA.

The agreement will have to be formally adopted by the IMO in October.

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