Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search
The IMO wants 10% of the sector’s fuel use to be low-emission by 2030
End use
Tom Young
27 July 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

IMO deal will push shipping towards hydrogen fuels

Methanol order book already starting to grow, but ammonia may take longer due to safety concerns

The recent International Maritime Organization (IMO) deal on shipping falls short of aligning the shipping industry with the goals of the Paris Agreement but will do more to encourage the uptake of alternative fuels, according to experts. The 2023 IMO Strategy on Reduction of GHG Emissions from Ships, adopted in early July, significantly increased ambition over the previous 2018 strategy. The IMO agreed on ‘indicative checkpoints’ of reducing emissions by at least 20% (striving for 30%) by 2030 and at least 70% (striving for 80%) by 2040, with net zero being reached by 2050. It also agreed that zero or near-zero greenhouse gas (GHG) emission technologies, fuels and/or energy sources to repre

Also in this section

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search