Bridging COP 26 and IMO: In a world of Shipping Decarbonisation
Maria Sahib (Consultant), Micronesian Center for Sustainable Transport (MCST), USP The 2021 United Nations Climate Change Conference, also known as COP26, will be hosted by the United Kingdom in Glasgow. It is the most important COP meeting to be held since the 2015 meeting that gave rise to the Paris Agreement. Recent policy announcements from John Kerry, US Special Presidential Envoy for Climate, and Boris Johnson, Prime Minister of the United Kingdom, have shown there will be a significant focus on the shipping industry. To bridge the gap, the collective efforts to reduce greenhouse gas (GHG) emissions will need to improve significantly in the next months and during COP26 to include a strong reinforcement of policy interventions to limit GHG emissions; some profound economic transformations in the fossil fuel consuming sectors (power generation, transport, manufacturing activities, buildings, etc.); a massive asset reallocation, with key implications for investors globally in ...