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In the coming week, the IMO's Marine Environment Protection Committee (MEPC 81) will meet to address the complex challenge of decarbonising the maritime industry. Surprisingly, amidst the multitude of proposed measures, the simplest solution may yet hold the key to effective decarbonization: implementing a global price on greenhouse gas (GHG) emissions, argues the Royal Belgian Shipowners' Association (KBRV).

In a collaboration with four master’s students from the Antwerp Management School (AMS), the Royal Belgian Shipowners' Association (KBRV) released a study that investigates issues with the CII formula. As part of their thesis project, the research conducted by the students included a comprehensive literature review, a qualitative analysis, and a quantitative analysis using data from Belgian-controlled ships.

The 175 Member States reached a historic agreement that “in or near” 2050 net zero emissions of greenhouse gases from shipping must be achieved. Net zero emissions refers to a 100% reduction across the entire value chain from well to wake.

Belgian and Dutch shipowners’ associations RBSA and KVNR make a compelling appeal to IMO member states to achieve a net zero target for Green House Gas emissions from international shipping by 2050: a 100% reduction across the entire value chain from well to wake.

Decisions made by the IMO this summer will shape the future of the industry’s efforts in tackling climate change. It is crucial for the IMO to embrace its responsibility and lead the sector towards a net zero future by 2050

At the joint event today at the International Maritime Organisation, representatives from Belgium, Namibia and the Belgian shipping sector presented the green hydrogen project. The event was held on the occasion of the 79th session of the Marine Environment Protection Committee (MEPC).