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Watch: How is India responding to calls for shipping decarbonisation? – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Watch: How is India responding to calls for shipping decarbonisation?

Watch: How is India responding to calls for shipping decarbonisation?

The International Maritime Organization (IMO), routinely lays down rules that regulate international shipping which carries almost all of the world’s trade. These rules are a result of consensus arrived at carefully, with much expert input, through meetings that are not dramatic. But in October, when the IMO that has 176 member-nations met to vote on decarbonising global shipping as a response to climate change, the U.S. actively disrupted the meeting. Chaos ruled. Threats were made. Arms were twisted. And the vote on a decarbonization programme that India helped to draft was deferred by a year.

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