Strategic Plans To Limit Emissions From Ships.
In competition with Joung, Kang, Lee, and Ahn (2020), the IMO agreed to create a greenhouse gas policy that would require the shipping industry to cut by about 50% come2050 compared to 2008. The objectives are to increase energy efficiency, gradually decrease the emission of carbon by new freight and ships, and improve the Energy Performance Index. The authors stress the need to establish fundamental principles and a follow-up action plan that outlines measures in the short-, medium-, and long-term, including deadlines if required and their impact while implementing these objectives. Taking possible timeframes and consequences into account, the “Initial IMO Strategy on Reducing greenhouse gasemissions from Ships was approved as Rule MEPC.304(72) as the very first stage in the greenhouse gas restriction roadmap.
According to Chircop (2019), the short term will run from 20182023, whereby during this period, the first stated measures will be enacted where the previous plan is going to be revised and replaced in 2023 with the medium term that is going to run as from 20232030 where the long term which is supposed to be functional from 20302050 and beyond will then be adopted. In addition, Chircop asserts that new global standards, best practices, and tools will be required to replace the existing energy efficiency management regulations in the International Convention for the regulationof Pollution from Ships.
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