Shipping Industry
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Despite the rise in emissions, a more ambitious IMO strategy and industry actions towards technology adoption positions shipping on a positive track for a net-zero pathway.
Stated energy transition goals
- United Nations (UN) specialized agency IMO aims for at least 20%, striving for a 30% reduction in absolute emissions by 2030 (vs 2008) and net-zero emissions by or around 2050.74
- 51% of large publicly traded shipping companies consider climate change in their decision-making processes.75
Emission focus areas for tracker
Shipping emissions can be divided into two main categories considering well-to-wake:
1. Operational emissions are primarily due to the combustion of fossil fuels during maritime operations.
2. Fuel value chain emissions are mainly upstream emissions from the production and distribution of fossil fuels.
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