Is the IMO on track?
T&E's assessment of the impact of the IMO's draft Net-Zero Framework
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The IMO Marine Environment Protection Committee (MEPC83) approved a Net-Zero Framework in the hope of reaching the climate objectives set in the IMO 2023 GHG Strategy to decarbonise international shipping. The Strategy included intermediate objectives of 20-30% GHG emission reduction by 2030 and 70-80% reduction by 2040, eventually reaching net-zero by or around 2050.
Unfortunately, the draft deal – known as a IMO Net-Zero Framework – will fall short of delivering these targets, let alone being compatible with the 1.5ºC temperature goal of the Paris Agreement.
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