The IMO wants 10% of the sector’s fuel use to be low-emission by 2030
IMO deal will push shipping towards hydrogen fuels
Methanol order book already starting to grow, but ammonia may take longer due to safety concerns
The recent International Maritime Organization (IMO) deal on shipping falls short of aligning the shipping industry with the goals of the Paris Agreement but will do more to encourage the uptake of alternative fuels, according to experts. The 2023 IMO Strategy on Reduction of GHG Emissions from Ships, adopted in early July, significantly increased ambition over the previous 2018 strategy. The IMO agreed on ‘indicative checkpoints’ of reducing emissions by at least 20% (striving for 30%) by 2030 and at least 70% (striving for 80%) by 2040, with net zero being reached by 2050. It also agreed that zero or near-zero greenhouse gas (GHG) emission technologies, fuels and/or energy sources to repre
Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment
