Global shipping to reduce carbon emissions by 13% -IMO

The world merchant marine fleet has committed to cut its fuel usage in line with its efforts to reduce carbon dioxide emissions by an average of 13 percent in 2020, saving around US$ 50 billion in costs, the International Maritime Organization (IMO) said.

This is in wake of the new energy-efficiency rules for ships to come into effect in January 2013, as passed by the United Nations’ shipping agency in July.

The rules aim to lower emissions by as much as 20 percent for new ships by 2020, and 30 percent five years later, IMO said.

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