According to the prime minister, Fiji, with Marshall Islands, Samoa, Vanuatu, Solomon Islands and Tuvalu, have agreed to work together to reduce fossil fuel use in their marine transportation by up to 40 percent by 2030 and 100 percent by 2050.
"This demands a transformation of our maritime sectors which will require new kinds of financial partnerships with bilateral and multilateral assistance and, potentially, a regional blue shipping bond," he said.
The risk of engine failure from using incompatible blends of new low-sulphur fuel is “keeping marine engineers awake at night”, according to a new report.
The report, from S&P Global Platts, Into the Storm says the main problem the industry has to address after the January 2020 IMO sulphur cap is how it will cope with “an unfamiliar set of new fuels”.
This week is the 74th meeting of the marine environmental protection committee of the International Maritime Organization (IMO), and it represents one of the best hopes of reducing greenhouse gas emissions from a large and growing sector.
Based in London, the IMO is the UN agency with responsibility for the safety and security of shipping and the environmental impact of ships, and the only organisation bringing all the world’s nations together to regulate marine transport.
More documents are being disclosed in advance of committee meetings at the International Maritime Organization, but one quarter of the member governments still kept their pre-meeting submissions confidential for an upcoming meeting on environmental issues, according to a check by eyeonglobaltransparency.net.