The 29th Conference of the Parties to the UN
Framework Convention on Climate Change (UNFCCC) will bring together world
leaders and an estimated 40,000 delegates from governments, civil society, and
the commercial sector to debate ways to combat climate change. The global marine industry has committed to
attaining net-zero GHG emissions from shipping by 2050, as detailed in the 2023
IMO Strategy to Reduce GHG Emissions from Ships. This aligns with the Paris
Agreement.
At COP29, Secretary-General Dominguez will share
the latest developments in delivering the Strategy, including those related to
ongoing negotiations towards a new set of binding economic and technical
‘mid-term GHG reduction measures’ to decarbonise the maritime sector.
Ahead of COP29, IMO submitted a
report to the 61st session of the UNFCCC’s Subsidiary Body for Scientific and
Technological Advice (SBSTA 61) summarising developments and measures achieved
to date to promote marine climate action.
Among other topics, the document discusses the
conclusions of the IMO’s Marine Environment Protection Committee’s 82nd session
(MEPC 82), which took place in September/October 2024.
At that conference, the Committee advanced talks on
suggested mid-term GHG reduction initiatives, such as a worldwide price system
for ship GHG emissions and a global marine fuel standard. Member States highlighted areas of convergence, and discussions
culminated in a draft legislative instrument – ‘the IMO Net-Zero Framework’ –
to serve as the foundation for the next round of negotiations.
The goal is to implement these mid-term steps in
late 2025, with enforcement beginning in 2027.