BusinessGreen - The IMO missed its chance to truly support the green shipping industry
The global climate deal brokered at UN shipping talks lets down those companies committed to steering a greener future, writes Smart Green Shipping's Diane Gilpin.
With the shipping industry alone responsible for three per cent of global carbon emissions, all eyes were on last week's International Maritime Organisation's (IMO) meeting. There was hope that real progress towards reducing emissions would be made. However, the conclusion to cut greenhouse gas shipping emissions by at least 20 per cent by 2030 and 70 per cent by 2040 are underwhelming at best and more importantly, simply don't stand up to the science.