IMO negotiations recap – pros and cons
It’s a delicate balancing act
ID 156140526 © Denys Yelmanov | Dreamstime.com
The financial cost of meeting the International Maritime Organization’s 2050 shipping industry emission targets could be as much as $1.4 trillion over the next 30 years.
The sum – equivalent to the Spain’s national GDP return last year – would be spent on helping shipping reach the 2050 target of emitting just 50% of 2008 levels, according to a report from the University of London’s maritime research unit and the Getting to Zero Coalition.
Aiming for zero emissions by that date would ...
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