Shipping’s Long Road to Decarbonisation

The 2022 United Nations Climate Change Conference (COP27) was held in Egypt in November 2022, with the ambitious goal of tackling the global challenge of climate change. From COP27, the International Maritime Organization (IMO) reiterated a commitment to reducing greenhouse gas (GHG) emissions from ships by 40% by 2030 and 70% by 2050. Canada highlighted its pledge to work with the IMO to achieve net-zero GHG emissions by 2050. There is still a long way to decarbonisation in international shipping, but we are seeing global cooperation and progress.

Sources:
1) IMO at COP 27, International Maritime Organization, Accessed Nov 14, 2022.
2) Canada commits to green shipping corridors, Inside Logistics, Nov 8, 2022. Accessed Nov 14, 2022.