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Top related persons:
General Kitack Lim - 2 Lim - 1 Florian Druckenthaner - 1 Druckenthaner - 1 Kitack Lim - 1 Simon Bennett - 1 Albon - 1 ” Ralph Regenvanu - 1
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Paris London Germany Canada United States Marshall Vanuatu decarbonize
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International Maritime Organization - 3 Clean Shipping Coalition - 2 Environment - 2 United Nations - 1 Maritime - 1 — - 1 Transport - 1 The Associated Press - 1

Search resuls for: "Kitack Lim"


4 mentions found


☆ Countries agree to slash shipping emissions but not enough to stay within warming limits
  + stars: | 2023-07-07 | by ( ) www.cnbc.com   time to read: +2 min
Countries at the meeting of the United Nations' International Maritime Organization in London signed a deal for shipping emissions to reach net zero "by or around" 2050. Maritime nations agreed Friday to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what's needed to curb warming to agreed temperature limits. Experts calculate the industry must cut its emissions by 45% by 2030 and reach net zero by 2050 to keep on track with 1.5 C temperature goal. The German government welcomed the agreement, calling it "an important milestone for ensuring that international shipping makes a fair contribution to reaching the temperature goals of the Paris agreement." Transport Ministry spokesman Florian Druckenthaner said Germany had "lobbied massively" for the goal of net zero emissions by 2050.
Persons: General Kitack Lim, Lim, Florian Druckenthaner, Druckenthaner Organizations: United Nations, International Maritime Organization, Maritime, —, Transport, The Associated Press Locations: London, Canada, United States, Paris, Germany
☆ Global shipping industry climate pledge slammed as a ‘wishy washy’ compromise
  + stars: | 2023-07-07 | by ( Laura Paddison | ) edition.cnn.com   time to read: +4 min
CNN —The shipping industry has agreed a climate pledge to reduce its planet-heating pollution to net zero “by or around” 2050. That changed on Friday, when the International Maritime Organization, the UN body that regulates global shipping, published a new climate strategy after days of negotiations between the organization’s 175 member states. IMO secretary-general Kitack Lim said in a statement that the new climate strategy provides a “clear direction, a common vision, and ambitious targets.”Industry groups welcomed the deal. John Maggs, the president of the Clean Shipping Coalition criticized the “vague and non-committal language” in the new climate strategy. Countries pledged in the Paris Climate Agreement to limit global warming to well below 2 degrees – and preferably to 1.5 degrees – compared to pre-industrial temperatures.
Persons: Kitack Lim, Simon Bennett, Albon, ” Ralph Regenvanu, John Maggs, Faïg, ”, IMO’s Lim, “ Organizations: CNN, International Maritime Organization, UN, ” Industry, International Chamber of Shipping, Clean Shipping Coalition, Environment Locations: Paris, Marshall, Vanuatu
☆ A shipping emissions showdown stands in the way of one of the biggest climate deals of the decade
  + stars: | 2023-06-29 | by ( Sam Meredith | ) www.cnbc.com   time to read: +5 min
The IMO is expected to update its current target of halving shipping emissions by 2050, from 2008 levels, but many are concerned about the maritime regulator's appetite to embrace interim targets. There is a lot of outside pressure pushing on the IMO because it is the climate negotiation of the summer. Gregor Fischer | Getty Images News | Getty ImagesIf stringent abatement measures are not implemented, the IMO has warned that shipping emissions could jump by up to 50% by mid-century. The 1.5 degrees Celsius goal is recognized as a crucial global target because beyond this level, so-called tipping points become more likely. Stefan Rousseau - Pa Images | Pa Images | Getty ImagesAsked which delegates were likely to seek to block calls for tougher climate targets, Maggs replied, "I think there are, of course, the usual suspects.
Persons: Aoife O'Leary, Opportunity Green John Maggs, Maggs, Gregor Fischer, General Kitack Lim, " Lim, Stefan Rousseau Organizations: International Maritime Organization, Getty, Environment, Opportunity, Clean Shipping Coalition, CNBC, United, Chamber of Shipping, Associated Press, ICS Locations: London, decarbonize, Paris, Germany, Russia, Saudi Arabia, United Arab Emirates, Argentina, Brazil, India
☆ Insurers count the cost of ships snagged in Ukraine crisis
  + stars: | 2023-02-24 | by ( Jonathan Saul | ) www.reuters.com   time to read: +4 min
Curtailed shipments from major grain exporter Ukraine played a role in the resulting global food crisis. According to shipping and insurance industry assessments, there are still between 40 and 60 ships stranded, and ship owners can claim a total loss for vessels stuck for a year from their insurers. A senior industry source said exposure for the ships currently stuck was estimated at $500 million. "The liabilities for those people who have ships stuck there, to get those ships out - it’s a real headache." "There is going to be some form of constructive agreement I suspect, but then that owner will have to buy war risk insurance all over again."
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