What happens after 2026 will be the focus in how shipping aims to reduce its greenhouse gas output

Shipping stakeholders have expressed disappointment over an International Maritime Organization agreement laying out measures to cut greenhouse gas up to the end of 2026.

But maritime industry players told TradeWinds that the decision allows the debate to shift to more ambitious targets after 2026 and to other pieces of the CO2 reduction puzzle, such as growing calls for a levy on carbon.

As TradeWinds reported on Tuesday, the IMO’s Marine Environment Protection Committee (MEPC) has reached an agreement that will use a mechanism to cut the carbon intensity of existing ships by 2% each year from 2023 to 2026.

Read the full article at TradeWinds