THE International Chamber of Shipping (ICS) has submitted detailed proposals to the United Nations body, the International Maritime Organization (IMO) and member nations, on negotiations supporting the development of a Global Fuel Standard as a technical measure to reduce the greenhouse gas (GHG) intensity of marine fuels, targeting 5 percent by 2030.

ICS said that with an aggressive tightening of this standard after 2030 developed with industry experts, the standard will work in practice.

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