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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe UN climate summit COP26 announced a tougher climate target for shipping. The initiative, led by Denmark, aims to strengthen countries' support for the International Maritime Organization's (IMO) target of further emission reduction measures by the 2023 deadline.
To meet the challenge of decarbonizing the global shipping sector , COP26 established a goal of zeroing emissions from the global shipping sector by 2050. This new goal will be specified in negotiations at the United Nations maritime agency. United. Last Monday, the initiative registered the support of 14 countries. These are Denmark, United States, Belgium, Great Britain, Finland, France, Germany, Honduras, Hungary, Iceland, Marshall Islands, Norway, Panama and Sweden. These countries have also signed the maritime sector statement.
Indeed, the IMO establishes maritime regulations through its 175 member countries and aims to make decisions by consensus. A tougher target would require majority approval, which would pose political challenges. In 2018, the IMO set a target to halve emissions from international shipping by 2050 from 2008 levels. 2050 to avoid the most calamitous impacts of climate change.
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