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Emissions should be reduced by 50% towards 2050, says Norway/

The IMO is scheduled to meet in London next week to discuss climate change and more significantly carbon emissions reduction. 

The 173 member states of IMO will discuss the target to be set and the roadmap to go about towards the target.

The shipping sector that contributes 2.5 percent of global greenhouse gas emissions has made so far only some tentative progress towards decarbonization.

Leading the pack for much more stringent goals is Norway’s shipping industry. “Emissions should be reduced by 50 percent towards 2050 compared to 2008,” Harald Solberg, head of the Norwegian Shipowners’ Association told a news conference this week alongside Norway’s Trade Minister Torbjoern Rooe Isaksen.

“In the same period demand will increase by maybe 60 percent, so in absolute terms it’s more than a half,” Solberg said. 

“We hope the IMO will agree on these ambitious emission targets. That is the only solution, if not we fear regional solutions, and that will not work,” Solberg said.

He said that the association’s vision is that shipping should be emissions free in 2100.

“We need international rules … our base line is the same as the Norwegian Shipowners (to cut emissions by 50 percent towards 2050),” Isaksen has said. 

The IMO says its Marine Environment Protection Committee is expected “to adopt an initial strategy on the reduction of greenhouse gas emissions from ships” at the meeting in London. 

The Paris Agreement sets a goal of phasing out net greenhouse gas emissions in the second half of the century, mainly by shifting from fossil fuels to cleaner energies such as solar and wind power.

Shipping was not included in the 2015 Paris climate agreement. 

Norway’s fleet is worth about $45 billion, the fifth most valuable in the world behind Japan, Greece, China and the United States. Norway’s shipping includes offshore, gas, chemicals, car vessels, dry bulk, crude, crude products and containers. 

Meanwhile, the CEO of Finnish shipping company Norsepower, has said that its wind-based technology can help the industry meet its decarbonisation targets.

Tuomas Riski commented ahead of the meeting that “when the issue of decarbonising shipping is raised at the IMO, it seems that all too often it is dismissed because the technology to reduce emissions is not ready.”

“We hope that the IMO will recognise the potential savings offered by the clean technology community and set Paris Agreement-aligned GHG reduction targets…A 70-100% reduction in total emissions by 2050, as supported by EU member states, is critical to holding global temperatures well below two degrees of warming and preventing catastrophic climate change”

“As a clean technology provider, Norsepower is ready to support that future. The challenge for the industry is not the technology but the will to implement it”, he added.

 

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