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Environmental Policies Shipping Greenhouse Gas Emissions

Jones Day

UK's Climate Change Committee Publishes Seventh Carbon Budget

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The UK's Climate Change Act 2008 requires the UK government to set five-year carbon budgets that cap total greenhouse gas ("GHG") emissions. The UK is currently operating within its Fourth Carbon Budget, which covers the...more

Vinson & Elkins LLP

International Maritime Organization Approves Carbon Credit Scheme for Shipping

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On April 11, 2025, the Marine Environment Protection Committee (“MEPC”) of the International Maritime Organization (“IMO”) announced the approval of a long-awaited framework to reduce greenhouse gas (“GHG”) emissions from the...more

Mayer Brown

IMO Approves New Regulatory Package to Decarbonize International Maritime Transport

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Between April 7 and 11, 2025, during the 83rd session of the Marine Environment Protection Committee (MEPC), the International Maritime Organization (IMO) approved a new set of regulatory measures aimed at reducing greenhouse...more

Jones Day

The UN's International Maritime Organization to adopt a framework to reduce greenhouse gas emissions from ships

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During its 83rd session from April 7 to 11, 2025, the International Maritime Organisation's (IMO) Marine Environment Protection Committee (MEPC) approved, among other things, new fuel standards for ships and the first...more

Mayer Brown

Ports & Maritime News | January 6-12, 2025

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The Ports & Maritime team has compiled the sector’s main news for the week of January 06–12 to keep you in the loop.  Maritime emissions pricing proposal submitted to IMO by 47 countries and ICS...more

White & Case LLP

Poseidon Principles Report Highlights Sustainability Reporting Focus in Global Marine Finance

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The Poseidon Principles Association, a group of major marine shipping banks, released its first Annual Disclosure Report in December 2020. This report discloses the "climate alignment score" of fifteen banks' ship finance...more

Jones Day

Singapore Encourages Investment Toward Decarbonizing Shipping - Part of the Jones Day Carbon Disruption series.

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The Situation: Currently, around 90% of world trade is by sea. International shipping accounts for between 2% and 3% of global greenhouse gas emissions, but like aviation, the sector's emissions are not covered by the 2015...more

White & Case LLP

Africa Focus: Spring 2019 - Sustainability in Africa's maritime industry

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Africa has an opportunity to lead on environmental and social global best practices - Some of the most important global sea lanes pass the continent of Africa. Major routes navigate the Cape of Good Hope between the Atlantic...more

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