Panama, home to the world’s largest ship registry, is taking significant steps to reduce its maritime carbon footprint. The country is developing a national plan to decarbonize its maritime sector in line with International Maritime Organization (IMO) commitments. This initiative, led by the Panama Maritime Authority (PMA), is set to provide a roadmap for sustainable shipping and global climate goals.
Panama’s National Decarbonization Plan
Acting Administrator of the PMA, Alexander De Gracia, announced that within the next five months, a draft action plan will be ready. This plan will be integrated into Panama’s National Maritime Strategy, focusing on reducing vessel emissions, transitioning toward cleaner fuels, and adopting green technologies.
Importantly, the plan aims to establish a regulatory framework that will encourage international investment in alternative fuels, making Panama a leader in maritime sustainability.
Global Responsibility and Commitment
Maritime transport carries over 80% of global trade but is also responsible for nearly 3% of greenhouse gas emissions. If the sector were a country, it would rank as the sixth-largest emitter worldwide.
Recognizing this challenge, the IMO has set the ambitious target of achieving net-zero emissions in international shipping by 2050. With its strategic role in global shipping, Panama’s commitment is not only crucial for the country itself but also for international climate action.
External consultant Arthur James highlighted that the plan will provide a clear diagnosis of Panama’s current status and the necessary tools to align with these global standards.
Panama’s decision to embrace maritime decarbonization reflects its responsibility as a key global shipping hub. By promoting clean fuels, investing in green technologies, and creating favorable regulations, the country is positioning itself as a pioneer in sustainable shipping. As the draft plan takes shape, Panama’s leadership may inspire other maritime nations to strengthen their commitment to a greener future.
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Source: PORT NEWS
