On Friday, the International Maritime Organization's (IMO) Intersessional Working Group on Greenhouse Gases (ISWG-GHG) concluded its work. There was no final agreement on a draught proposal.
On 10 June the meeting of the IMO Marine Environmental Protection Committee (MEPC) will begin with an intense debate on the level of aspiration for the remaining decade of the shipping greenhouse gas targets.
It has become evident that, in last week's GHG cuts package, 27 countries, including the USA, the Pacific and many European countries, have refused to vote. The 27 countries that refused to sign up are demanding that carbon intensity targets be made more ambitious.
Since 2019, governments have had to negotiate a global short-term policy package to ensure that the shipping industry meets the IMO's initial Greenhouse Gas Strategy bare minimal 2030 aims, precisely a 40-per cent reduction from the 2008 baseline in the global shipping fleet's emissions.