WEF: Strategies & Challenges In Maritime Decarbonization

Shipping industry is a major contributor to the world’s carbon footprint.
Shipping accounts for 3% of global greenhouse gas (GHG) emissions. This is due to the sheer volume of movement and the industry’s heavy dependence on fossil fuels.
An increasing number of large companies have been placing alternative-fuel ship orders.
EU Emissions Trading System (ETS) and FuelEU Maritime initiative are expected to lead to growing costs for heavy emitters.

With 90% of traded goods being transported across...