Following extensive negotiations and some time before closure of the IMO MEPC 72 in London this week, both developing and developed countries around the world have called for unity and consensus around the historic decision to reduce GHG emissions from shipping sector.
The international shipping community has been watching with great interest the discussions at the 72nd session of the IMO Marine Environment Protection Committee, on 9-13 April, as it is expected to adopt the Initial Greenhouse Gas emission reduction strategy to minimize air pollution, in line with climate goals as defined in Paris Agreement: limiting global warming to 1.5C.
More specifically, the draft text would see total shipping GHG emissions cut by at least 50% by 2050, from 2008 levels, implying anywhere between 50% and 100%.
International sources so far report that almost all of the 173 IMO member states are supporting the draft text and its passage through to committee stage on Friday, with only two objections to the draft text: of Saudi Arabia and the US.
On the other hand, Argentina and Brazil had been vocally fighting the outright reduction target, but did not reserve their position on the draft text, potentially paving the way for an agreement Friday.
The deal is expected to be finalised later today.
