The Biden administration has committed to working with the International Maritime Organization (IMO) to adopt a goal of achieving zero emissions from international shipping by 2050.
The White House SAID it would aim to adopt ambitious measures that will place the sector on a pathway to achieve this goal.
This would up the ante for the IMO, which has set out to cut CO2 emissions by 40 percent by 2030, and at least halve its emissions by 2050, compared with 2008 levels, and subsequently head for a complete phase-out.
The targets have been deemed rather unambitious by many progressive governments. However, achieving even these objectives will pose a major challenge for the shipping industry as it looks to ways of financing its transition and defining the path toward decarbonization.
Specifically, choosing the right technologies and developing alternative net-zero fuels for the maritime industry accompanied by the relevant infrastructure is expected to be a gargantuan task.