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illuminem summarizes for you the essential news of the day. Read the full piece from The Washington Post here or enjoy below!
🗞️ Driving the news: UN Secretary-General Antonio Guterres urges maritime nations to establish a clear path for the shipping industry to achieve net-zero emissions by 2050
• The call for action comes as the International Maritime Organization (IMO) convenes in London to address the crucial role of the shipping sector in limiting global warming to 1.5 degrees Celsius
🔭 The context: Shipping currently contributes nearly 3% of global emissions, making it a significant sector in the fight against climate change
• The IMO’s existing target aims for the shipping industry to reduce its emissions by at least 50% from 2008 to 2050
• The need for more ambitious targets is driven by the urgent need to accelerate emissions reductions and transition to cleaner fuels in the shipping sector
🌎 Why does it matter for the planet: The shipping industry plays a vital role in global trade and economic activities, but its emissions contribute to climate change and its associated impacts
• The adoption of science-based targets and the use of clean fuels are key to reducing the environmental impact of the shipping industry and aligning with climate goals
⏭️ What’s next: Maritime nations and industry stakeholders need to collaborate to establish a new greenhouse gas strategy for shipping that sets ambitious targets, starting in 2030
• The inclusion of all greenhouse gas emissions caused by the industry, along with the consideration of a carbon price for shipping, can further drive emissions reductions and support the development of clean technologies
• The potential revenue generated from a levy on emissions could be used to assist developing nations in addressing climate change and facilitating their transition to sustainable practices
💬 One quote: “Shipping, as a significant emitter accounting for nearly 3% of global emissions, must urgently adopt ambitious science-based targets and embrace clean fuels. By doing so, we can steer the shipping industry towards net-zero emissions and make a substantial contribution to the global fight against climate change” (Antonio Guterres, UN Secretary-General)
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