Ship-sourced GHG emissions Summary

Background
Ship-sourced GHG emissions may rise by up to 250 percent by 2050 compared to 2012. Binding worldwide legislative agreements to limit GHGs, on the other hand, are lacking owing to the high cost of technical solutions and the absence of crucial industry support. IMO adopted Resolution A.963 to limit shipping CO2 emissions via technological, operational, and market-based methods in 2003. However, progress has been inconsistent, with no clear emission reduction strategy in place. A full-fledged strategy, on the other hand, may not be ready until 2023. In this policy research, we examine the evolution of technical, operational, and market-based methods, as well as the arguments that surround them. We argue that: a performance-based indicator, although well-intentioned, contains flaws that stop meaningful CO2 emission limitations from being accomplished as a result of technological breakthroughs; slow steaming to limit energy consumption did stand out among operational solutions for its immediate and noticeable outcomes, but given the current slow speed in exercising, this particular source has been marginalized. Deep emission reductions should occur quickly to give shipping a fiftyfifty opportunityof contributing equallyand proportionally to limitingtemperatures below 2C.

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