What does the IMO Net Zero Target mean for the shipping industry
The International Maritime Organization (IMO) has recently received requests from the shipping industry UN regulator, The International Chamber of Shipping, for new regulations that aim to accelerate net zero CO2 emissions by 2050.
Initially planned to be 50% emission by 2050, the entire shipping industry will need to start investing in green technologies to achieve the mass scale of zero emissions.
The submitted plans include detailed and mandatory policies that focus on developing zero carbon technologies with energy providers, shipping manufacturers and green fuel initiatives.
The submission to the IMO outlines research and development that will rely on governments to take the relevant actions to encourage this as the new net zero targets are implemented.
Whilst plans are still being rolled out, the key takeaway is the need to accelerate decarbonisation within the shipping industry with efforts to manufacture new methods of producing sustainable shipping fuels to achieve the net zero CO2 emissions by 2050.
Fuelcare has worked in the marine and shipping industry for a number of decades with a focus of improving fuel efficiency and quality through innovative fuel technologies.