Zero CO2 Fuels

The ambitious CO2 reduction targets set by the IMO for 2050 can only be delivered with the global rollout of zero CO2 fuels and propulsion systems, the International Chamber of Shipping (ICS) warned.

With respect to the IMO goals set for 2050 – a 70% efficiency improvement as an average across the fleet, and a total CO2 cut by the sector of at least 50% by 2050 (regardless of expected growth in maritime trade) – Bennett said; “These targets can realistically only be achieved with the development and global roll out of genuine zero CO2 fuels.

There is a political need among many governments for new IMO regulations that will start achieving further CO2 reductions from the sector before 2023, so that the industry stays on track to improve efficiency, as an average across the sector, by at least 40% by 2030, as also agreed by IMO.

The next round of IMO discussions will take place in October, 2018 in order to consider a list of possible candidate measures for CO2 reduction, and the industry is planning to make some detailed submissions to that meeting.

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