Tag: IMO GHG Fund

The latest round of negotiations, held during the IMO's Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18), marks an important step toward achieving the IMO's 2023 GHG Reduction Strategy. This strategy sets the ambitious goal of reducing emissions from ships, with mid-term measures expected to be adopted by 2025.

Following a week of intensive GHG negotiations at the IMO, ICS, emphasized the need for urgent progress ahead of the critical IMO MEPC 83 in April.

IBIA recognises that 2025 is a very significant year for the regulation of GHG emissions from international shipping. In line with the ISWG-GHG 18, IBIA has issued a statement concerning the adoption in 2025 of an economic measure by IMO as a maritime GHG emissions pricing mechanism.