The European Union voting bloc at the IMO will push regulators to agree to a minimum of 70% reduction target in shipping’s carbon emissions by 2050, with the goal of eventually achieving a zero-carbon goal, or it will threaten to immediately introduce its own measures.
Sources told TradeWinds that the ambitious EU proposal was agreed at a meeting of member states ahead of next week’s IMO Marine Environment Protection Committee (MEPC) meeting, where a global target of carbon reduction is set to be agreed.
