Shippers close to global deal to cut greenhouse gas pollution

After an historic agreement in 2018 by the International Maritime Organisation (IMO), its members are negotiating ways to get to their goal of cutting the industry’s emissions in half by the middle of the century. All of them agree a ratings system is needed for the carbon intensity of ships, but they remain divided about how it should be calculated and how it should be enforced, according to people familiar with the talks and documents seen by Bloomberg.

LONDON: Nearly 200 countries are nearing a legally-binding agreement to reduce pollution from the world’s cargo ships, a step forward after two years of talks on how the industry should clean up its emissions.

A series of virtual meetings will start on Monday hosted by the United Nations shipping agency over a new rating system that will measure the carbon intensity of 60,000 large ships that haul everything from containers to crude oil.