ICS sends proposals to IMO ahead of key climate meeting in July

The International Chamber of Shipping (ICS) has submitted proposals to the next round of discussions at the International Maritime Organization (IMO) in July, calling for the development of a mandatory fuel standard with a ‘Fund and Reward’ measure.

This Global Fuel Standard would be a technical measure to reduce the greenhouse gas (GHG) intensity of marine fuels.

It would target 5% by 2030, with an aggressive tightening of this standard after 2030, developed with industry experts to ensure the standard will work in practice.