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Shipping industry's zero-emission trials

The key to achieving reduction of emissions is development of alternate fuels by the oil industry

Shipping industry’s zero-emission trials
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The latest reading of the barometer is consistent with the WTO’s revised trade forecast given last month which predicted a 9.2 per cent decline in the volume of world trade in 2020.

TNC Rajagopalan
The global shipping industry is under increasing pressure from activists, governments, customers, and financiers to improve its commitments to de-carbonise and move towards zero-emission of greenhouse gases (GHG) by 2050. It is a difficult challenge for fuel suppliers, engine manufacturers, ship builders, ship owners, charterers, port operators and policy makers.

In April 2018, the International Maritime Organization adopted a strategy to reduce GHG emissions of the industry to 50 per cent of the emissions in 2008 and cut the average carbon intensity by at least 40 per cent by 2030 and 70 per cent before 2050. Activists consider those targets and
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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