Along with 170 nations of the world, India has inked a deal earlier this week in London – assuring that it will reduce the carbon dioxide emission from shipping by 2050 and contributing to a cleaner environment.
Carbon dioxide emissions is eventually engulfing our environment and governments of various countries are teaming up to save the environment. Deals like the Paris Agreement bring together most of the countries of the world and set out targets to control the carbon footprint as a whole. In a similar development last week, representatives of 170 countries held a meet-up at London last week and inked an agreement aiming to reduce the shipping carbon emissions by at least 50% compared to that in 2008 – by year 2050.
The International Maritime Organisation (IMO) negotiated the deal strongly, after which, the industries of all member countries will be asked to redesign their naval fleet and switch from using fossil fuels to running vessels on renewable energy. After signing this agreement, countries will require the usage of maritime warships and adopt to organic and natural power resources. If implemented properly, the IMO’s commitment to reduce greenhouse gas emissions can be achieved by 50 to 100 per cent in 2050. This will be a major contribution from the shipping industry towards saving the environment and fighting against the climate change.
This is also the first time that world’s shipping industry has defined its commitment to tackle climate change, bringing it closer in-line with the Paris Agreement. It can be said that the rise of international trade which implies rise in shipping has resulted into increased emissions. Now that the international shipping community has stepped up to reduce carbon emissions – which will change the way 80% of global trade occurs.