Bunkerworld Blogs - FEATURE: Maritime decarbonization needs more incentives for drastic push bunkerworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bunkerworld.com Daily Mail and Mail on Sunday newspapers.
The Russia-Ukraine war may have come as a shot in the arm for overall global decarbonization efforts, but the maritime industry is still far behind in that value chain to draw those resources, with significant progress required and favorable incentives needed to expedite shipping’s decarbonization journey as it embraces a multifuel future, industry experts said. .
Following the conclusion of this week’s meeting of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 78), the International Chamber of Shipping (ICS), representing 80% of the world’s merchant fleet, has released the following statement: Guy Platten, ICS Secretary General, commented: “By refusing to take forward the shipping industry’s proposed research and development .
Governemnts at the meeting of the IMO’s key maritime environment committee have rejected plans for a shipping industry-backed program to accelerate research and development of alternative fuels that will help.