Lloyds List: Greens take aim at fuel standard fudge factors
By Declan Bush, Lloyds List, 25 January 2025
The Clean Shipping Coalition has taken aim at emissions correction factors proposed by Angola, Brazil and Norway for an IMO green fuel standard, saying they would undermine the regulation’s power to cut shipping emissions
Angola, Argentina, Brazil, China, Norway, South Africa, the UAE and Uruguay last year proposed an “f-voy correction factor” (ISW-GHG 17/2/7) that would exempt 50% of greenhouse gas emissions on certain voyages serving “eligible ports of developing countries”.
But analysis by green group the Clean Shipping Coalition found exempting 50% of emissions from voyages between developing country ports would shield almost 80m tonnes of CO2 equivalent each year.
“Incorporation of such a voyage correction factor risks rendering the ability of the GFS to deliver on the emissions reduction objectives of the 2023 IMO GHG Strategy meaningless,” the CSC said in a submission (ISW-GHG 18/2/8).
