COP26: Key takeaways and thoughts
Following his attendance at COP26, Philip Roche, co-head of Norton Rose Fulbright’s global shipping practice, said:
“Although shipping, like aviation, lay outside the formal conference agenda, the number of side events and the number of attendees from the IMO, EU, and key stakeholders showed that the shipping community was determined to demonstrate that meaningful steps are being taken to allow shipping to play its part in global decarbonisation, however difficult and indistinct that path may be. There is real effort being made into working out how this journey may be travelled; whether that will be through improving the efficiency of the existing fleet through regulation, or by the production and supply of new fuels, or by measures such as the Clydebank declaration for green shipping corridors, or finally, the use of financial measures and instruments such as market based measures and/or a carbon levy on fuel. In the end, it will probably be a combination of these measures which allow global shipping to achieve the goals set by both the IMO, the EU and other parties, including users of shipping.”
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The full blog post with other attendees key takeaways and comments can be found here: Nov 15: Key takeaways and time for action as the curtains fall on COP26 | Global law firm | Norton Rose Fulbright
