And GHG emissions from global shipping are to peak as soon as possible with the total annual GHG emissions reduced by at least 50% by 2050 compared to 2008, while pursuing efforts to phase them on a pathway of Carbon dioxide emissions reduction consistent with the Paris Agreement temperature goals.
Meeting the GHG target means that in the 2030s most newly built ocean-going vessels will run on zero carbon renewable fuels.
"If you are building a ship or planning to build a ship in the 2020s, it will likely need to be able to switch to non-fossil fuels later in its life, a factor insurers and shipping financiers will need to consider in their business plans through the next decade".
He added "The agreed IMO objective of cutting the sector's total GHG emissions by at least 50% before 2050, as part of a continuing pathway for further reduction, is very ambitious indeed, especially when account is taken of current projections for trade growth as the world's population and levels of prosperity continue to increase".
But opposition from some countries - including the United States, Saudi Arabia, Brazil and Panama - limited what could be achieved at the IMO session last week in London.
While the European Union had sought a higher level of ambition, the Commission said the deal was "a good starting point that will allow for further review and improvements over time".
BAN censored with U/A, set for grand release Mahesh Babu who is on a vacation with his family will be participating in the film's promotions from 18th April. Even though he plays a chief minister in the film, Mahesh clarified he has no interest in politics.
Ola to put 10000 EVs on road within next 12 months Apart from Lithium, there also is Zoomcar, which also has tied up with Mahindra and Mahindra for the rental of Electric Vehicles. The program, called "Mission: Electric", is part of its ambitious plan to put one million electric vehicles on the road by 2021.
Expectations are that over the next few years this target will be tightened and brought closer in line with the Paris Agreement commitments.
INTERCARGO welcomes the landmark initial strategy for the reduction of Greenhouse Gas (GHG) from ships adopted by IMO.
Worldwide shipping now emits as much as the sixth-largest global emitter.
This equates to the global shipping industry as being the sixth biggest polluter in country-based global terms. "Without these the goals of the Paris agreement will remain out of reach", he warned.
"This is the initial strategy, the final strategy isn't due until 2023".
The IMO Member States, representing both developed and developing countries, had the responsibility of agreeing on the high-level GHG emissions reduction strategy at IMO, comprising a Vision, Levels of Ambition and Guiding Principles, in what continues as an on-going process; this is not an easy task, as for one thing at least their representatives should not fail to take into account the safety and practical issues affecting ships and any potential impact of the commitments they make on global trade. No other reproduction or distribution is permitted without prior written consent.
Also, there are 0 buy, 0 sell and 3 strong sell ratings, collectively assigning a 3 average brokerage recommendation. Goldman Sachs raised Infosys from a "neutral" rating to a "buy" rating in a research report on Monday, February 5th.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Ratings analysis reveals 86% of Merck's analysts are positive. (NYSE: MRK ), with 8 analysts believing it is a strong buy.
Norinchukin National Bank The, a Japan-based fund reported 50,622 shares. 9,925 were reported by Arete Wealth Advsrs Lc. On Thursday, February 1 the stock of Marathon Petroleum Corporation (NYSE:MPC) earned "Buy" rating by Cowen & Co.
During the Gold Coast Commonwealth Games, our athletes have ensured we have kept most of the gold medals here in Australia . Corbin took to Twitter to post her delight, saying: "Words can not describe this feeling.WE ARE COMMONWEALTH CHAMPIONS!"
Company's EPS for the past five years is valued at 116.6 percent leading it to an EPS value of 5 percent for the next five years. Last year's earnings per share was $0.82, while now analysts expect change of 34.15 % up from current $1.10 earnings per share.
His best season as head coach was in 1999 leading the Knicks to the Knicks to an appearance in the NBA Finals. Van Gundy, who now works as a commentator for ESPN, previously coached the Knicks from 1996-2001.
The actress stripped and protested alleging that the local artists were not being given enough opportunities in the industry. The complaints should be lodged with the police as well as case should be filed in court for legal action.
Zacks Investment Research cut shares of Oracle from a "hold" rating to a "sell" rating in a report on Tuesday, December 19th. Moors & Cabot Inc decreased Cvs Health Corp (NYSE:CVS) stake by 5,233 shares to 54,618 valued at $3.97 million in 2017Q4.
As per Thursday, January 25, the company rating was maintained by Bank of America. (NASDAQ:AAPL) rating on Wednesday, August 2. The California-based California State Teachers Retirement Sys has invested 0.05% in Genuine Parts Company (NYSE:GPC).
Apache Corporation (APA) Just Recorded A Sigfniciant Increase
Gilder Gagnon Howe And Communications Limited Liability Co stated it has 0.14% of its capital in Apache Corporation (NYSE: APA ). After $0.36 actual EPS reported by Vale S.A. for the previous quarter, Wall Street now forecasts -19.44% negative EPS growth.
School districts to hold several meetings this week
The proposed increase would put the tax rate at 29.6201 mills, Bill Stone, the district's director of business affairs, said. In addition, under the agreement, he can never work or volunteer in the district again.
Chemical weapons inspectors denied access to Douma site
OPCW inspectors arrived in Damascus on Saturday and had planned to head to Douma, on the outskirts of the capital, on Monday. Washington, meanwhile, prepared to increase pressure on Russian Federation with new economic sanctions.
Alia Bhatt's Instagram pictures you should not miss!
The actress will be busy promoting her upcoming film Raazi , where she plays an Indian spy who is married to a Pakistani major. The two were recently spotted at a local railway station in Mumbai shooting for the film and they look nearly unrecognizable.
Are you concerned about Allegiant Air's safety record?
Allegiant Air may be able to weather a scathing " 60 Minutes " report on the low-price airline's ugly safety record. Allegiant issued statements saying the report used outdate information and spun a false story about the airline.
Manchester City Have Won The Premier League
West Brom , to their credit, also kept probing forward but they lacked the class required to really open United up at the back. But a United defeat against Bournemouth in midweek or a City win over Swansea City next Sunday would wrap up the silverware.
Trump Tower fatal fire was an accident: FDNY
Sixty-seven-year-old Todd Brassner died after being pulled from the apartment, which did not have sprinklers or a smoke alarm. FDNY officials had previously stated that there were no sprinklers or working smoke detectors inside the apartment.
Kanye West returns to Twitter, mentions Lamar Odom
The rapper had to scrap the end of the Saint Pablo tour after being hospitalized himself due to stress and exhaustion. Odom had suffered a near-fatal collapse and coma in October 2015, and spent months in rehabilitative therapy.