In April 2018, the IMO adopted an ambitious GHG reduction strategy with a vision to decarbonize shipping.

With 2008 as a baseline year, this strategy aims to reduce with at least 50% total GHG emissions from shipping by 2050, while at the same time reducing the average carbon intensity (CO2 per tonne-mile) by at least 40% by 2030, and 70% before mid-century.     

IMO’s GHG reduction ambitions for shipping

The decarbonization targets pose challenges for a range of stakeholders, from ship owners, charterers and cargo owners to ship builders, designers, engine manufacturers, fuel suppliers financiers and policy makers. Reaching these targets will require the application of new and existing technologies, lowering speed and the deployment of large volumes of sustainable zero-carbon or carbon-neutral fuels.

The key to achieving reduction of emission is developing, maturing and scaling up solutions to a level where the cost is acceptable. Regulations should be supplemented by other policy measures and incentives to drive technology development and emission reductions, while at the same time ensuring the shipping activity is not restricted.

Decarbonization regulations IMO

Maritime Impact podcasts

Podcast: How are environmental regulations shaping the shipping market?

Host Eirik Nyhus is joined by market analyst Jakub Walenkiewicz to discuss how upcoming and future decarbonization regulations are affecting the shipping market and why to stop trading in certain areas is not an option.

Podcast: Inside shipping’s decarbonization with IMO’s Sveinung Oftedal

Eirik Nyhus, DNV’s Director – Environment for Maritime, is joined by Sveinung Oftedal, a highly respected key voice in the IMO’s journey towards decarbonization.

Podcast: How can regulators push green fuel availability?

This episode explores how shipping regulators can improve the availability of zero-carbon fuel solutions. Host Eirik Nyhus is joined by the lead author of DNV’s Maritime Forecast to 2050, Eirik Ovrum, to analyse the strategies available.

Podcast: Towards 2030: EU Fit for 55 – the latest developments

Host Eirik Nyhus returns to the topic of the EU’s Fit for 55 package, widely seen as its plan for decarbonization. Eirik reviews the latest maritime regulatory discussions, covering each of the four key shipping regulations.

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