A number of projects are being developed that are expected to help shipping achieve its goal of cutting its emissions in half.
Next week, discussions will open between the World Bank and International Monetary Fund (IMF) in Washington DC on a possible carbon pricing system for shipping.
It is part of ongoing efforts to develop a market-based mechanism (MBM) to incentivise shipowners to reduce fuel consumption or shift to alternative fuels and reach the IMO goal of cutting shipping’s greenhouse gas emissions by at least 50% by 2050.
