E - ENERGY EFFICIENCY OF SHIPS The implications of the 2023 IMO GHG Strategy and work on the basket of mid-term

3 The revision of the CII, which is due to start at MEPC 82 and conclude before the end of 2025, is a key opportunity to bring it up to date with the 2023 IMO GHG Strategy and to make sure that it works in the future in a coherent way with the contents of the basket of mid-term measures being negotiated at the same time. [...] Levels of ambition and CII 4 The revised CII will be central to the Organization's ability to drive emission reductions on a pathway that meets the targets contained in the 2023 IMO GHG Strategy, which has committed the industry to decarbonize by 2050 and aim to cut emissions by 30% by 2030, and 80% by 2040. [...] The co-sponsors believe that the CII and the GFS have important but distinct roles to play, and that they will work best if the GFS is driving the uptake of new fuels, while the CII ensures more efficient ship operations. [...] Using fuels to comply with the CII is likely to reduce the incentive to improve the energy efficiency of an individual vessel, leaving important energy efficiency gains that are needed to meet the Organization's goals on the table. [...] Recommendations/conclusions 14 In light of the above, the co-sponsors encourage the Committee to consider the need for the following when revising the CII: .1 that CII requirements must be calibrated to ensure that at least the 2030 and 2040 "striving" emission reductions specified in the 2023 IMO GHG Strategy are met and, ideally, are ambitious enough to put shipping on an unambiguously 1.5°C com.