Michael Parker, Chairman of Global Shipping Logistics & Offshore at Citi and Chair of the Poseidon Principles Association
Michael Parker, Chairman of Global Shipping Logistics & Offshore at Citi and Chair of the Poseidon Principles Association (Photo: PPA)
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Next month, the IMO’s Marine Environment Protection Committee will hold an important meeting to discuss which short-term measures the UN body should adopt to reduce emissions from shipping. It should look to all tools that take a systemic approach to the challenge and consider setting a goal for carbon intensity reductions. The private sector-led Poseidon Principles are an example of how this approach can be successful.

Shipping faces a decarbonization challenge

Global seaborne trade is a vital part of our lives – more than 80% of all trade by volume is transported by sea. However, this activity generates

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