IMO Strikes Deal to Cut Shipping Emissions but Misses Mark, Critics Say

• The International Maritime Organization agreed to reduce greenhouse gas emissions in the shipping industry to net zero by around 2050, with interim targets for 2030 and 2040.
• Experts argue the deal falls short of the Paris Agreement's goals and the shipping industry's fair share of emission cuts needed to curb warming to 1.5°C.
• The agreement aims for a 20-30% cut in emissions by 2030 and 70-80% by 2040 but lacks a firm deadline for net zero emissions.
• Implementing new fuels and technologies to meet the targets will require massive investments and cooperation across the sector.
• Critics contend the deal delays meaningful action and protects business interests over the urgent need to address the climate crisis.

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