Maritime nations have been finalizing a plan Thursday to slash emissions from the shipping industry to net zero by about 2050 but experts warn the deal falls well short of what's needed to prevent climate catastrophe.
FILE - Cargo ships are seen lined up outside the Port of Los Angeles, Tuesday, Feb. 23, 2021, in Los Angeles. Maritime nations are finalizing a plan Thursday, July 6, 2023, to slash emissions from the shipping industry to net zero by around 2050 but experts warn the deal falls well short of whats needed to prevent climate catastrophe.
The draft plan also calls for shipping emissions to be slashed by at least 20% but aiming for 30% by 2030 and at least 70% but working toward 80% by 2040 despite a push from Pacific nations for more ambitious targets.the industry must cut its emissions by 45% by 2030 and reach net zero by 2050 to keep on track with 1.5 C temperature goal.
“The U.N. had the opportunity to set an unambiguous and clear course towards the 1.5 C temperature goal, but all it came up with is a confusing fudge,” Abbasov said. Options range from methanol, ammonia, hydrogen, sustainable biofuels and synthetic fuels, as well as technology like carbon capture, but these are currently not scalable.
“Companies who are going to provide emission reduction equipment want a clear signal so they know it is safe to invest in these technologies. This is why it is important to have ambitious 2030 targets,” said John Maggs, shipping policy director at Seas At Risk and president of the Clean Shipping Coalition, who was also part of the meetings.
“As we’re seeing with cars and trucks, when major markets set firm emission standards, the broader market responds,” Rose said. “The solutions exist. It’s a matter of creating policy conditions that force this industry to invest in those solutions rather than pursue profit based on cheap fossil fuels.”
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