International shipping is a big contributor to climate change, and it doesn’t change quickly, but its companies are starting to invest in cleaner fuels.
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Growing ship numbers and reductions in the industry’s total emissions add up to big emission cuts per ship – as much as 60% by 2030 and 91% by 2040. The days of fossil-fuelled ships are now numbered.
A lack of clarity over certain issues risks preventing the shipping industry’s energy transition from taking off.
It’s high time the international shipping industry radically curbed its emissions. The industry must set a net-zero target and adopt a realistic plan to meet it.
Shipping companies are expected to halve their greenhouse gas emissions by 2050.
