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IMO, Norway launch project to help shipping sector cut emissions

May 16/2019

MOSCOW (MRC) -- The International Maritime Organization (IMO) has launched a joint project with Norway to help the shipping industry cut emissions by at least 50 percent from 2008 levels by 2050, the UNs shipping agency said, as per Hydrocarbonprocessing.

The Norwegian government is providing 10 million NOK ($1.1 million) for the first two years of the GreenVoyage-2050 project, and additional funding subject to government approval for 2020 and subsequent years.

The scheme aims to bolster government and port efforts to achieve emissions cuts through legal and policy reforms, national action plans, private sector partnerships and new technology projects, the IMO said.

More than 50 countries across the world are expected to participate, with eight countries from Asia, Africa, the Caribbean, Latin America and the Pacific region taking pilot roles.

The IMO said this will then spur more action by supporting other countries in their regions to follow.

As MRC informed earlier, the upcoming International Maritime Organization sulfur regulations for marine fuel will lead to a deficit of 600,000 barrel per day of marine gasoil in 2020.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, petrochemistry.
Category:General News
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