According to news, the International Maritime Organization (IMO) aims to achieve a 20% reduction in overall greenhouse gas (GHG) emissions by 2030, with a more ambitious goal of reaching 30%. However, there are concerns from certain quarters about the industry’s ability to attain this objective.
Arsenio Dominguez told in an interview during Singapore Maritime Week, that all activities are progressing according to schedule, and decisions will be made in 2025. The global shipping sector is striving to achieve net-zero emissions by 2050 and has established emissions targets for 2030 and 2040.
We are on track to adopt mid-term measures by late 2025 to cut greenhouse gas (GHG) emissions, to reach net zero targets.
..said Dominguez, who took over as IMO Secretary-General in January.
As informed, the adoption of cleaner marine fuels such as methanol is considered a viable strategy for the industry to reduce emissions. Transitioning to these fuels necessitates the use of distinct engine technologies and infrastructure, along with ensuring that operators are knowledgeable in safely handling these fuels.
Dominguez highlighted that Singapore’s actions to reduce carbon emissions in the maritime sector, such as testing alternative fuels and providing training to seafarers on safe handling practices, can offer valuable insights for other nations.
When asked about how the IMO manages challenges related to geopolitics, such as ship attacks in the Red Sea, Dominguez emphasized that his primary focus is on ensuring the safety of seafarers and ships to sustain global trade.
Prolonged disruptions in container shipping could lead to delayed deliveries, high costs, and inflation. Energy security and food security could potentially be
affected due to increased prices.
…he said.
These attacks pose serious threats to global maritime security, as well as the security and maritime trade for the coastal states in the region.
..he added.
