G7 Countries Confirm 2050 Target For Net-Zero Shipping Emissions

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Credits: Kelly/ Pexels
  • Ministers from the G7 countries met in Sapporo on April 15 for discussions on climate, energy and the environment, releasing a communiqué setting targets in these areas.
  • The member countries also plan to establish at least 14 green shipping corridors by the middle of the 2020s.
  • Intermediate targets for 2030 and 2040 for the revised IMO GHG reduction strategy Are also introduced.

The G7 political forum of some of the world’s largest economies has reiterated its commitment to reach net zero emissions from international shipping by 2050.

Net-zero emission targets

Ministers from the G7 countries met in Sapporo on April 15 for discussions on climate, energy and the environment, releasing a communiqué setting targets in these areas.

“We reaffirm our commitment to strengthen global efforts to achieve GHG lifecycle zero emissions from international shipping by 2050 at the latest,” the organisation said in the communiqué.

IMO GHG reduction strategy

“We commit to support this target and introducing intermediate targets for 2030 and 2040 for the revised IMO GHG reduction strategy during the upcoming IMO’s 80th session of the Marine Environment Protection Committee (MEPC80), in line with efforts to limit the temperature increase to 1.5°C above pre-industrial levels.

Shipping transition

“We commit to work for the development and adoption of mid-term measures by 2025 to achieve these targets consisting of regulatory signals and incentives to accelerate the transformation of shipping such as the introduction of zero-emission ships in the early stage, while recognizing the importance of a just and equitable transition that leaves no one behind.”

The member countries also plan to establish at least 14 green shipping corridors by the middle of the 2020s, the organization said.

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Source: Ship and Bunker