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Shipping, which transports 90% of the world’s trade, contributes nearly 3% of global emissions – a little more than the carbon footprint of Germany. If gone unchecked, this share could increase to 17% by 2050 as the world’s GDP keeps growing.
Curbing shipping emissions has been a hot topic at the international climate summit in Glasgow, with 14 nations signing a declaration last week to bring shipping emissions down to net zero by 2050.
Shipping and aviation are notoriously difficult industries to decarbonise. They require vast amounts of fuel for international travel, and the questions of which country is responsible for emissions makes reaching agreements a mammoth and glacial task.
If left unregulated, shipping and aviation will be responsible for almost 40% of all carbon dioxide emissions in 2050, according to a study published by the European Parliament.
Source: The Conversation