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Global shipping sector steps up, sets climate targets and bans use of heavy fuel oil in arctic

April 16, 2018 by CaliforniaCarbon.info

(Source:Hellenic Shipping NewsIn a landmark step forward for the goals set out in the Paris Agreement, the International Maritime Organization (IMO) today agreed to climate targets for the sector, as part of its first comprehensive greenhouse gas emissions (GHG) reduction strategy. The global maritime regulator also agreed to ban heavy fuel oil in the Arctic, a region on the frontline of the impacts of climate change, and to tackle the growing problem of ocean plastics.The agreement on climate targets comes after years of negotiations in the IMO’s Marine Environment Protection Committee, and two years after the world lauded the approval of the Paris Agreement, which did not regulate shipping emissions.The IMO agreement calls for a strategy for controlling greenhouse gas emissions from the global shipping sector, with a target of 50 per cent emissions reductions by 2050 from 2008, and efforts to achieve complete decarbonization of the sector. While it is short of the 70-100 per cent emission reductions that the Pacific islands and many other countries called for, the goal marks a promising step forward by the shipping sector to play its part in limiting warming to 1.5°C. Read full article…

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