EU Urged to Strengthen Shipping Climate Policies for Decarbonization Goals

A coalition of 82 non-profits and industry stakeholders has urged the European Union (EU) to implement stronger policies to support the shipping industry’s climate goals. Following recent measures agreed upon by the International Maritime Organization (IMO) to reduce greenhouse gas (GHG) emissions, the alliance emphasized that while these steps are significant, they are insufficient for achieving full decarbonization.

In a letter to the EU, the alliance highlighted that the agreed measures fail to align with the Paris Agreement’s 1.5ºC target or the IMO’s own 2023 strategy goals. They criticized the pricing mechanisms, which do not adequately address nearly 90% of shipping emissions, undermining the transition away from fossil fuels. As a result, the sector is projected to achieve only a 10% reduction in emissions by 2030, falling short of the IMO’s 30% target.

The coalition also pointed out that the IMO’s agreement does not sufficiently promote green hydrogen and e-fuels, crucial for achieving net-zero emissions. They urged the EU Commission to capitalize on opportunities within the Clean Industrial Deal to enhance competitiveness in the maritime and hydrogen sectors.

To unlock this potential, the alliance proposed a policy roadmap, including financial support for e-fuel producers and a review of existing regulations to strengthen targets and funding for sustainable practices. While some industry voices hailed the IMO agreement as historic, there remains a consensus that further action is essential for a climate-neutral shipping future.

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