The framework – agreed during the just-concluded meeting of the UN International Maritime Organization (IMO) Marine Environment Protection Committee – aims for net-zero emissions from the sector by 2050 and will be formally adopted in October before coming into force in 2027. They will apply to large ocean-going vessels over...
“Ships carry over 80 per cent of the goods traded globally, with the percentage even higher for most developing countries; hence the urgent need to boost resilience to shocks that disrupt supply chains, fuel inflation and affect the poorest the most,” the UN agency said in a new report on maritime transport. Between...