Shipping industry needs more action on climate

Calls for the global shipping industry to reduce its carbon emissions intensified last week as a coalition of companies from across the sector have demanded climate action from the International Maritime Organisation (IMO).

The Sustainable Shipping Initiative (SSI), a collection of business and NGOs worth $0.5 trillion, believes that the IMO’s Marine Environmental Protection Committee meeting, which takes place on 18 April, must, as a minimum, agree on the development of significant and early emissions reductions for shipping.

The SSI recently set out its own 2040 vision for the sector, calling for fuel efficiency improvements of 20 percent per decade. The calls come as latest figures show that, if left unchecked, emissions from shipping will increase up to 250 percent by 2050 – a rate of emissions growth clearly incompatible with global climate goals.