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Global agreement for greenhouse gas emissions reduction in maritime transportation is signed

  • The agreement establishes ambitious targets and seeks to drive sustainability in this industry.
The main objective of the agreement is to achieve net-zero emissions by 2050
The main objective of the agreement is to achieve net-zero emissions by 2050
By: SiiLA News
07/13/2023

Multiple countries have signed a groundbreaking agreement at the International Maritime Organization (IMO) in London, aiming to curb Greenhouse Gas (GHG) emissions in the maritime transport sector. With maritime transport accounting for approximately 90% of global trade, nations are prioritizing sustainable practices to improve logistics.

The agreement's main objective is achieving net-zero emissions by around 2050, considering each country's circumstances. Currently, maritime transport contributes about 3% of global carbon dioxide emissions. By implementing measures such as emissions pricing mechanisms, developing alternative fuels, and clean technologies, it is expected that annual greenhouse gas emissions from maritime transport will be reduced by 70%.

Signatory countries include China, the United States, Argentina, Chile, the Netherlands, and others, representing prominent maritime leaders.

Impacts of ESG issues on logistics

Companies, organizations, and the commercial real estate market itself are increasingly paying attention to ESG issues. In the commercial sector, this agreement encourages e-commerce players, transportation and logistics companies, exporters, and others to align their goals with sustainability issues, which are being increasingly demanded by investors, particularly in the case of publicly traded companies, and by a legion of consumers who are always attentive and vigilant.

Currently, major multinational corporations already require sustainability certifications as a requirement for establishing their business in certain logistics complexes and conducting administrative operations in commercial buildings. The trend is for environmental practices to become increasingly intensified in this industry. In fact, in the case of asset classifications, the presence or absence of a sustainability seal makes all the difference, and for office spaces, it is a criterion for differentiation among properties that can be considered high-end.

If you want to learn more about the commercial real estate market, visit REsource daily to stay updated on the latest news and trends in the industry!

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