Malaysia - IMO 2023 Regulations: A Path Towards Greener And More Sustainable Future.
The shipping industry has long played a significant role in globalisation and international trade, linking businesses and consumers globally. However, as the demand for shipping grows, so have the environmental concerns associated with it. According to the Third IMO GHG Study (2014)1, the shipping industry is estimated to be responsible for 3.1% of annual global CO2 and 2.8% of GHGs on a CO2e basis. These large quantities of pollutants are expected to triple by 20502, raising concerns about their impact on climate change and global health3.
Source: conventuslaw.com
