As an industry that moves 80% to 90% of the world’s traded goods and contributes to 3% of global greenhouse gas emissions, shipping has a lot of work to do to reduce emissions enough to limit global temperature rise to 1.5 degrees Celsius.
To reach this target, the International Renewable Energy Agency (IRENA) said in a report released Wednesday that 70% of the shipping industry’s energy mix needs to be green hydrogen-based fuels by 2050.
This fuel shift would reduce emissions by 80% compared to...