Why in the News?
The International Maritime Organisation (IMO) delayed a vote on its 2027 carbon pricing plan under the 2023 Greenhouse Gas (GHG) Strategy after U.S. pressure, stalling efforts for net-zero shipping by 2050.
What the IMO is trying to achieve?
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About IMO’s 2023 Greenhouse Gas (GHG) Strategy:
- Adoption: Finalised in July 2023 at Marine Environment Protection Committee (MEPC-80) (London) under the MARPOL Annex VI framework.
- Carbon Intensity Targets: Cut 40 % by 2030 (vs 2008) and strive for 70 % by 2040.
- Net-Zero Timeline: Achieve full sectoral decarbonisation by 2050.
- Zero/Low-Emission Fuels: Ensure 5 % (aspire 10 %) of shipping energy from near-zero-GHG fuels by 2030; expand hydrogen and electrified propulsion.
- Fuel & Emission Standards: Introduce Global Fuel Standard (GFS) and Global Pricing Mechanism (GPM) by 2027, covering ships above 5,000 GT (~85 % of emissions).
- MRV Framework: Strengthen monitoring, reporting, and verification with emission databases and compliance audits.
- Support Mechanisms: Establish GHG Fund to assist developing states in retrofits, technology adoption, and port upgrades.
Significance:
- Global Climate Milestone: First binding, worldwide roadmap for a high-emission transport sector outside aviation.
- Regulatory Shift: Moves from voluntary action to enforceable standards in maritime law.
- Strategic Impact: Positions the IMO as a key climate-governance body, linking trade regulation and environmental responsibility.
| [UPSC 2024] According to the Environmental Protection Agency (EPA), which one of the following is the largest source of sulphur dioxide emissions?
Options: (a) Locomotives using fossil fuels (b) Ships using fossil fuels (c) Extraction of metals from ores (d) Power plants using fossil fuels* |
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