The shipping industry could contribute up to 17 per cent of global CO2 emissions by 2050 if left unregulated. Therefore, the International Maritime Organisation has an integral…
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The International Maritime Organisation (IMO), the UN’s specialised agency for shipping, aims to create “a regulatory framework for the shipping industry that is fair, effective, universally adopted and implemented.”
Currently, shipping contributes an estimated 2.5 per cent of global emissions, but left unchecked this could grow to 17 per cent by 2050. A failure to dramatically reduce the sector’s GHG emissions will jeopardise the pledges signed by 195 states in the UN Paris Agreement, which aims to limit planetary warming to “well below” 2°C, and ideally to no more than 1.5°C.
This report evaluates the IMO’s governance structure and considers whether it will help or hinder the development of policies, including an effective GHG strategy. Transparency International finds a number of critical governance flaws at the IMO. Four key issues emerge from the assessment: the uneven influence of Member States, the influence of open and private registries, the disproportionate influence of industry, and the lack of delegate accountability.