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ICS and IBIA propose energy pooling compliance mechanism for IMO s GHG fuel standard

The International Chamber of Shipping (ICS) and the International Bunker Industry Association (IBIA) have jointly submitted a proposal to the International Maritime Organization (IMO) for what they describe as a simplified global greenhouse gas (GHG) fuel standard. The 2023 IMO strategy for the reduction of GHG emissions from ships identifies the development and finalisation of mid-term measures, including a goal-based marine fuel standard regulating the phased reduction of the marine fuel’s GHG

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