
US$1 trillion to decarbonize global shipping's emissions
Depending on the production method, the cumulative investment needed between 2030 and 2050 to halve shipping’s emissions amounts to approximately US$1-1.4 trillion.
Depending on the production method, the cumulative investment needed between 2030 and 2050 to halve shipping’s emissions amounts to approximately US$1-1.4 trillion.
We know that global warming is not driven by CO2 emissions alone. Other greenhouse gases such as methane, fluorinated gases, nitrous oxide, and aerosols also affect global temperatures.
GreenVoyage-2050 is a collaboration between IMO and the Government of Norway and will run for an initial two-year period.
The International Chamber of Shipping remains confident that shipping will improve its carbon efficiency by at least 40% by 2030 compared to 2008.
John Dora, member of the International Organization for Standardization’s climate change strategy task force, shares his perspectives on adapting to climate change in the transport sector.
“We will need new solutions, in addition to traditional efficiency measures, to reach the 2050 target. But to pick the right solutions, we need realistic projections.”
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