On Friday 11 April, the 176 Member States of the International Maritime Organization (IMO) reached an agreement to reduce greenhouse gas (GHG) emissions from shipping to zero by 2050 (see EUROPE B13616A19).
The agreement will regulate how ‘clean’ the energy used by a ship should be, based on its impact on the climate. The measure applies to all GHG emissions produced during the lifecycle of fuels. It uses standardised criteria and a common certification system, creating a level...