The shipping industry is joining forces ahead of new regulatory requirements regarding carbon emissions and pollution control. Maritime stakeholders have set up the Global Industry Alliance (GIA) to help the industry prepare for the adoption and development of low-carbon energy technologies worldwide.
The new entity, formed this year at the International Maritime Organisation (IMO), is supported by ship owners and operators, oil companies and engineering experts among other stakeholders.
The Alliance seeks to ease the shipping industry’s transition to new efficiency requirements as well as encouraging the adoption of more low-carbon maritime transportation systems.
In February this year, the European Commission proposed adding a new chapter to the EU Emission Trading System post-2020 to tackle maritime CO2 emissions. The IMO has until 2018 to create a draft strategy to reduce greenhouse gases from vessels.