Tag: MEPC 72

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MEPC 72 decision to increase investments in maritime sector

In light of the recent IMO decision to reduce shipping emissions by at least 50%, compared to the levels 2008, many are saying that this development will drive many investors and operators in the maritime sector to immediately invest in more sustainable business models. Managing Director of Lagos Deep Offshore Logistic Base, Dr. Amy Jadesimi said that carbon pricing can trigger international shipping to go forward with decarbonisation.

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Watch: IMO to ban HFO in Arctic

IMO MEPC 72 addressed several issues important to Arctic. These issues are a proposed ban on HFO in the Arctic, an agreement to decrease GHG emissions from shipping, and the global and local effects of a warming Arctic. Twenty-two countries supported the ban of HFO in the Arctic, which is now being considered regarding ways to assess impacts.

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