INTERTANKO supports that shipping should achieve net zero CO2 emissions by 2050.
Informing about this decision, INTERTANKO said it will pursue and encourage the participation of all stakeholders in the development of the technologies and fuels necessary for international shipping to meet this goal safely.
Namely, Paolo d’Amico, Chairman of INTERTANKO, stated:
This goal is consistent with the United Nations Intergovernmental Panel on Climate Change (IPCC) recent assessment on reaching net zero CO2 emissions. It demonstrates our willingness to contribute our fair share to reducing emissions from the international tanker fleet
Mr. d’Amico also added that INTERTANKO’s Council has stressed the importance of safety for ships’ crews and highlighted the need to enable crew training in the use and handling of new technologies and fuels developed to meet this goal.”
For her part, Katharina Stanzel, INTERTANKO’s Managing Director, said that:
In making this decision, our Members are fully cognisant that zero-carbon technologies and fuels, suitable for marine application, are currently inadequate to achieve this ambitious goal
For this reason, she highlighted the need for governments at IMO to approve the International Maritime Research and Development Board (IMRB) proposal, aimed at accelerating the R&D urgently needed to develop such technologies and fuels.”
INTERTANKO also agreed to support a fuel levy market-based mechanism (MBM) as the most viable option to achieve aspirational emission reduction goals.
INTERTANKO firmly believes that a global fuel levy MBM that is simple, transparent and economically reasonable is the most effective means to support the deployment of zero-carbon technologies and fuels, once they are developed, to decarbonise international shipping
Dragos Rauta, INTERTANKO’s Technical Director, concluded.