Shipping industry seeks consensus on rules for decarbonisation

Ocean shipping, among the world’s biggest polluters, is asking a regulator to overhaul its emissions directives so that all carriers work by the same rules as they make costly changes to cut harmful carbon output.

The WSC, whose members include AP Moller-Maersk, Cosco Shipping and MSC Mediterranean Shipping, is asking for “global, enforceable multilateral regulation to avoid the race to the bottom”, said Jan Hoffmann, head of trade logistics at the UN Conference on Trade and Development. “They don’t really mind that level of regulation as long as it’s the same for everybody.”

The IMO’s marine environmental protection committee will meet in June to discuss the advancement of its greenhouse-gas emission strategy. Achieving the green transition is “both technically and politically very difficult”, said WSC president John Butler. “It’s a bit of a fool’s errand, frankly, to say ‘this is going to happen by this date’ or ‘that date’. What we need to do is keep moving forward.”

“We found ourselves in this chicken-and-egg dilemma where we tried to convince people to produce green methanol,” said Sterling. Providers refused to make a firm commitment as Maersk still had no green ships running on green methanol. “It was like we were going around in circles.”

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

War in Ukraine is proving quite good for business for world’s top commodities | CitypressSince Russia’s February invasion of Ukraine, commodity markets have been thrown into disarray. That has boosted prices and cut off supply, creating a harrowing environment for consumers of raw materials, but the perfect conditions for trading houses I'm really grateful for all the efforts you have render to me with my little investment of R10,000 and with joy over me after withdrawing R100,000 with your help Williamchurch07 thank you for everything you have done for me and my family Williamchurch07 I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to __ambreymarcus1, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful __ambreymarcus1 thank you.
Source: City_Press - 🏆 7. / 72 Read more »