New Delhi, July 05, 2023: India has taken a strong stance during the 80th session of the International Maritime Organisation (IMO), calling on the organisation to set a realistic goal. India’s plea focuses on achieving a 5% composition of zero-carbon fuels in the marine fuel mix by 2030.
Recognising the potential pitfalls of unrealistic targets, India emphasised the importance of avoiding flawed policies, unsustainable investments, and premature technological solutions. India submitted a comprehensive proposal outlining a progressive reduction strategy as a nation highly vulnerable to climate change. The process ensures a smooth and inclusive transition towards a sustainable maritime sector.
India also expressed support for implementing a financial levy on greenhouse gas emissions. The objective behind this levy is not to penalise the industry but rather to encourage the adoption of green energy solutions. Furthermore, India underscored the need to generate funds specifically designated for research and development in the maritime sector, alternative fuel production, and infrastructure for fuel supply networks in ports worldwide.
