2023 IMO Strategy on Reduction of GHG Emissions
The initial International Maritime Organization (IMO) Strategy on reduction of greenhouse gas (GHG) emissions from ships, adopted at the 72nd session of the Marine Environment Protection Committee (MEPC), set specific milestones such as reduction of carbon dioxide (CO2) emissions per transport work, by at least 40 percent by 2030 and by 70 percent by 2050 along with reducing total annual GHG emissions from international shipping by at least 50 percent by 2050. Furthermore, the initial strategy established a road map specifying follow-up actions for revising the strategy in 2023, by setting more ambitious targets along with short-, mid- and long-term measures.
At MEPC 80, the IMO adopted the 2023 Revised IMO Strategy on Reduction of GHG Emissions from Ships. The 2023 IMO GHG Strategy increases the levels of ambition compared to the Initial IMO Strategy on Reduction of GHG Emissions from Ships. The levels of ambition and indicative checkpoints shall consider the Well-to-Wake (WtW) GHG emissions of marine fuels, as addressed in the Guidelines on life-cycle GHG intensity of marine fuels life-cycle analysis (LCA) Guidelines with the overall objective of reducing GHG emissions of international shipping without a shift to other sectors.
How Can ABS Assist?
As part of our ongoing support to the maritime industry, ABS provides a fleet benchmarking service for companies striving for environmental excellence and wishing to demonstrate their commitment to sustainability, by assessing the fleet’s alignment against the latest IMO GHG emissions trajectory targets. The results can be utilized in the company’s environmental, social and governance (ESG) activities, such as Annual Sustainability Reports.
To learn about how ABS can help you on your decarbonization journey, connect with us today by selecting the contact us button or by emailing us at sustainability@eagle.org.
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