REGULATION

European Green Deal spells more hurdles for shipping

6 years ago

The IMO’s hard-won 2018 agreement on shipping’s greenhouse gas reduction targets for 2030 and 2050 have now been superseded by more ambitious requirements set forth in last December’s European Green Deal. Once again, the European Commission has forced shipping’s hand, risking the creation of separate emissions regimes in different geographies.

Harald Solberg, ceo of the Norwegian Shipowners' Association, (pictured with Norway's prime minister Erna Solberg), noted NSA members will only order vessels with zero-emissions technology after 2030.

The IMO’s hard-won 2018 agreement on shipping’s greenhouse gas reduction targets for 2030 and 2050 have now been superseded by more ambitious requirements set forth in last December’s European Green Deal. Once again, the European Commission has forced shipping’s hand, risking the creation of separate emissions regimes in different geographies.