Governments agree new CO2 reductions but only until 2027
Critics have warned such rates will mean emissions will keep growing, but supporters claim it will help the IMO attain a key 2030 CO2 intensity target
The IMO’s working group on greenhouse gases has decided that ships must improve their annual CO2 intensity by 2% annually between 2023 and 2027 but could not agree to a reduction in targets going through to 2030, which was the original goal. Next month’s IMO environmental committee needs to ratify the agreement for it to become official