While the International Maritime Organization’s historic resolution on shipping’s greenhouse emissions left some disappointed, the decision did make progress in moving the industry closer to the goals of the Paris Agreement on climate change.

That is the conclusion of UMAS consultants in a report that followed last week’s meeting of the IMO’s Marine Environment Protection Committee (MEPC), which adopted a net zero target for around 2050 in addition to aiming to cut greenhouse gas emissions by 20% to 30% at the end of this decade and by 70% to 80% by 2040.