Rewarding low-emission shipping 'wind in the sails' for achieving climate targets

Professor Pietro Tricoli responds to the UN's International Maritime Organisation (IMO) passing new agreement to tackle shipping emissions

Container ship heading through a port

Following the announcement of the UN's International Maritime Organisation agreeing new actions to address shipping emissions, Professor Pietro Tricoli comments on the positive steps: 

"I am really pleased to see that the IMO has made another important step in the direction to achieve their climate targets, as set out in their strategy to reduce GHG emissions from ships.

"In my view, the mechanism of providing rewards to low-emission vessels will give significant momentum to the development of low-carbon technologies for maritime applications. Electrification is a key technology to reduce the carbon intensity of vessels, and fully electric propulsion enables zero-emissions in emission-controlled areas like ports.

"However, there is still a gap between zero- and low-emission vessels and traditional vessels in terms of building and running costs, and this regulation will directly help to address this gap. Also, I particularly welcome the establishment of the Net-Zero fund supporting innovation, research and the upgrade of the infrastructure, as this fund will be critical for the development of the key technologies for decarbonisation, like batteries and low-carbon fuels, and the reduction of their cost for maritime applications.

"I am confident that the implementation of this regulation will lead to substantial environmental benefits to our shipping sectors."

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