Shippers Face Net Zero Emissions Goal, Draft Document Shows (1)

Shipping’s global regulator is closing in on a new target of net zero emissions by 2050, inching the industry closer to alignment with the Paris Agreement on climate.

The plan — set out in a draft seen by Bloomberg News — is not yet finalized, with talks at the London-based International Maritime Organization continuing into next week. If adopted, the mid-century target, which would be non-binding, could align the industry with the landmark 2015 Paris Agreement.

Shipping carries more than 80% of world trade and is responsible for about 3% of human-made carbon dioxide emissions. While the IMO is working ...