UN shipping talks fail to make carbon exit faster

UN shipping talks fail to make carbon exit faster ...

- The further shipping talks are scheduled for next year, after delegates at the U.N. agency meeting which sought to increase the carbonisation of the sector failed to progress, officials said on Friday.

The sector, which trades about 90% of the world's carbon footprint, is under pressure to carry a carbon levy.

To address the crisis in response to the global global warming debate, countries, notably the United States during the COP 26 climate summit, encouraged the United States for two years to keep emissions low before 2050.

Currently, the aim is to increase global greenhouse gas emissions in Europe by 50 per cent from 2008 in 2050.

The IMO says that it's achieved a good progress on the short-term greenhouse gas reduction measures owing to the agreed commitment to revising its GHG strategy by 2023. But environmentalists and many of the IMO's 175 members think that this timeline is not fast enough.

"If it's mandatory measures on green shipping fuels, the can walked down the road for 2023 without effort to allow the company to adopt it," said Faig Abbasov, executive director of environmental group T&E.

IMO Secretary General Kitack Lim said on Friday that "strengthening the ambition" of the initial GHG strategy "will be crucial".

Among the discussions that will last up to 2022 is a proposal to create a $5 billion research and development fund for the scientific ability to meet the aims of the project.

The Marine Environment and Protection Committee session at this week's Marine Environment and Protection Committee "missed the opportunity" to advance GHG reduction measures.

"It's almost as if COP 26 didn't happen," he said.

The COP26 summit is also short, given that the emissions-cutting pledges from countries failed to set a clear path to limiting warming to 2.7 Celsius (2.7 Fahrenheit).

Instead, it struck a deal with the nearly 200 countries represented at the event to increase their pledges next year to close the gap.

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