The International Maritime Organisation (IMO) has set a target to cut the sector’s carbon emissions in half by 2050 compared to 2008 levels, with the aim of eliminating them altogether.
As discussed in Hill Dickinson’s article on the Club’s website - Decarbonisation and Shipping - the aim is the gradual reduction of a ship’s carbon intensity through the adoption of both technical and operational measures, with technical issues being measured by the ship’s Energy Efficiency Existing Ship Index (EEXI) and operational issues by a Carbon Intensity Indicator (CII). Hill Dickinson has provided an update, which can be found here: Decarbonisation and shipping: EU Emissions Trading Scheme – Update (July 2022).
Details of the short term measures that will come into effect on the 1 January 2023 as part of the IMO Strategy on Reduction of GHG Emissions from Ships can be accessed in this article: Decarbonisation.
The three articles referenced above can also be downloaded below.
Please find the links below to access our Decarbonisation resources
Key Club Contacts
Head of Europe Syndicate & FDD
Head of Claims, Eastern Syndicate & ESG Director