Shipping Industry Group Aims for Net-Zero Emissions by 2050

The International Chamber of Shipping submitted a proposal to stop adding CO2 to the atmosphere.

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BERLIN (AP) β€” A major shipping industry group said Tuesday that its members will aim for β€œnet-zero” carbon emissions by 2050, following a commitment to the same goal by the world's airline industry a day earlier.

The current target set by the International Maritime Organization, a United Nations body, is to reduce emissions from international shipping by 50% by 2050. The International Chamber of Shipping said it has submitted a proposal to the U.N. for the industry to stop adding CO2 to the atmosphere by mid-century.

β€œTalk is cheap, and action is difficult," International Chamber of Shipping Chairman Esben Poulsson said in a statement, adding that the group's proposal β€œsets out the β€˜how’ as well as the β€˜what’ for decarbonizing shipping by 2050.”

β€œA net-zero carbon ambition is achievable by 2050," Poulsson said. "But only provided governments take the unglamorous but urgent decisions needed to manage this process within a global regulatory framework.”

The U.N.'s annual climate change conference starts Oct. 31 in Glasgow, Scotland. The ICS previously called for a global surcharge on carbon emissions from shipping to help fund the sector’s shift toward climate-friendly fuels.

Environmental activists gave Tuesday's announcement a cautious welcome but noted that the proposal only covers carbon dioxide, not other greenhouse gas emissions.

Like the airline industry, which this week declared a target of net-zero carbon emissions in 30 years, shipping companies are counting heavily on the idea that any carbon emissions remaining by 2050 could be β€œoffset” with natural or artificial means of removing CO2 from the atmosphere.

β€œReal progress will come when they support the ambitious carbon price that island nations have already proposed and ensure shipping emissions immediately start on a downward trajectory,” Aoife O’Leary, director of global transportation at the Environmental Defense Fund, said.

β€œTo meet the pace of climate action that science demands, we must hold the shipping industry accountable to real, near-term progress toward decarbonization,” she said.

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