IMO’s MEPC 77 Avoids The Tough Stuff

Last week’s meeting of the International Maritime Organization’s Marine Marine Environmental Protection Committee (MEPC 77) once again demonstrated that the IMO is too often a place where dreams go to die and where ambitions wilt.

Notably, the committee failed to carry a resolution increasing shipping’s GHG reduction ambition to net-zero carbon by 2050. And it kicked the can further down the road on the industry plan for a $5 billion R&D fund.