Shipping industry agrees to halve carbon emissions by 2050: IMO

Members of the UN International Maritime Organisation today struck a deal to halve carbon dioxide emissions from shipping by 2050 in a deal that will force the industry to redesign fleets.

"The initial strategy envisages for the first time a reduction in total GHG (Greenhouse Gas) emissions by at least 50 percent by 2050 compared to 2008," the London-based IMO said in a statement.