ICS argues however that far more critical are the decisions that governments must now urgently take about the measures which will enable the end destination. ICS, and its members, are optimistic that governments will set a net zero target which sends a signal to energy producers and marine fuel suppliers, charting the direction of travel. We all have a role to play in decarbonisation.” However, being efficient does not mean we must not work to address the 3% shipping contributes to global carbon emissions. “Shipping remains the most carbon efficient way to transport the goods that we all use, with about 90% of world trade carried by sea. It has to be supported by a radical economic measure, which will operate across the world to incentivise the production and uptake of the low and zero GHG fuels necessary to accelerate transition to a net zero destination.” “A fuel standard will not succeed on its own. Simon Bennett, ICS Deputy Secretary General, comments:
These support the development of a Global Fuel Standard as a technical measure to reduce the GHG intensity of marine fuels, targeting 5% by 2030 and with an aggressive tightening of this standard after 2030, developed with industry experts to ensure the standard will work in practice. LONDON-( BUSINESS WIRE)-The International Chamber of Shipping (ICS) has submitted detailed well-thought through proposals to the next round of IMO negotiations.
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