Increase the stringency of operational carbon intensity standards to encourage adoption of low-emission fuels
Operational GHG standards specify mandatory requirements for ships to reduce their operational carbon intensity per unit of transport work. These standards allow market participants to choose the most convenient and suitable compliance strategy while gradually tightening requirements for lowering the GHG intensity of vessels. While the IMO has implemented such requirements, the stringency of specified reductions must be strengthened to support the revised GHG emissions targets announced in July 2023. Further, the implementation of material non-compliance measures would strengthen the current regulations.