by Ewa Kochańska
Some maritime stakeholders have declared that "radical innovation" in the marine fuel business is needed in order to meet the very ambitious greenhouse gas (GHG) emission targets set by the International Maritime Organization (IMO) in April of 2018.
The International Chamber of Shipping (ICS), a global trade association representing national shipowners' associations from Asia, the Americas, and Europe, released a report A 'Paris Agreement for Shipping,' outlining its position on the still hotly debated changes in the industry.
The Chamber, which underscores in the report its own role in persuading the IMO to consider aggressive action on climate, sees the April targets as "achievable" but only with intelligent government intervention and significant investment in the development of carbon-free fuels and related technological systems, as well as bunkering infrastructure. In other words, that "radical innovation" needs a generous sponsor in order to materialize.