Commenting on the outcome of MEPC80 which saw IMO members agree a net zero target of at or around 2050 and agree to undertake impact assessments of carbon pricing mechanisms with a view to adoption by 2025 a UK Chamber of Shipping spokesperson said: 

“We have been clear that a target of net zero by 2050 is important and welcome the progress towards this increased level of ambition.

“It is vital though that economic and technical measures are brought in to help deliver both the end goal and interim targets for 2030 and 2040 as without them emissions reduction targets will not be achieved. Nations, through the IMO, must now work quickly to complete impact assessments and agree on the measures to reduce the emission intensity of fuels and place a price on carbon so they can be brought forward as soon as possible.”