- The Environmental Audit Committee (EAC) in the UK Parliament launches a new inquiry in an effort to look at how the shipping and aviation sectors can best achieve net-zero emissions.
- Shipping and aviation together make up 10% of UK greenhouse gas emissions, and decarbonising these sectors will play a key role in achieving net-zero emissions by 2050.
A recent Offshore Energy news source bystates that UK Parliament puts a spotlight on shipping emissions.
IMO warning on carbon emissions from shipping
The International Maritime Organization (IMO) warns that carbon emissions from shipping are projected to increase by up to 50% above 2018 levels by 2050 if no action is taken. What is more, aviation is set to be the largest emitting sector by 2050 on current trends.
During the inquiry, the EAC will be considering a number of areas which could play a significant role in reducing emissions for the two sectors.
Commercialisation of new technologies
These include the commercialisation of new technologies and low, transitioning to zero, carbon fuels; reductions in demand; and options to drive international action to lower global emissions from these sectors.
The European Commission recently unveiled its ‘Fit for 55’ plan which will tax aviation and maritime fuels for the first time while setting targets on shipping emissions and sustainable aviation fuels.
This is in addition to the expanded Emissions Trading Scheme covering shipping within the EU from 2023.
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Source: Offshore Energy