Why no shipowner can ignore the green transition
The shipping industry must embark on a journey towards a net zero-emission future. Currently, the shipping sector produces 2-3% of global CO2 emissions, and the maritime trade volume is expected to further increase in the next decades. That is putting high pressure on a hard-to-abate sector, that heavily relies on the use of fossil fuels. Greenhouse-gas emissions from shipping need to be reduced, and the infrastructure for new technologies must be created – making decarbonization in shipping a global challenge.
The industry has made a commitment to reduce carbon emissions significantly by 2050. Reducing emissions, finding alternative fuels, and adapting technology will be the major challenge of the coming years. The transformation will have significant effects on ships, ports and operations and all stakeholders within the maritime industry.