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To counter global warming, the UN Paris Agreement was adopted by 196 nations in December 2015, and came into force from November 2016. The two key targets identified in this agreement, were control of greenhouse gas (GHG) and carbon dioxide (CO2) emissions. In line with these objectives, in April 2018 the IMO adopted an initial strategy on the reduction of GHG emissions and CO2 emissions generated by the shipping industry. The IMO strategy is to reduce: • the total annual GHG emissions by at least 50% by year 2050 as compared to 2008 levels (known as the ‘IMO absolute target’) • CO2 emissions per transport activity by at least 40% by year 2030, further pursuing toward 70% reduction by year 2050, as compared to 2008 levels (known as the ‘IMO intensity target’).

France generalLouis dreyfusStandard clubSea cargo charterSea cargoSea cargo charter clauseபிரான்ஸ் ஜநரல்லூயிஸ் ட்ரேஃபஸ்தரநிலை சங்கம்கடல் சரக்கு சாசனம்கடல் சரக்கு