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Shipping drifts off net-zero course - study

10/25/2021 | 04:32am EST

The global shipping industry could see its emissions rise by around a fifth by 2050 if it doesn't introduce a carbon levy.

That's according to new research released on Monday backed by industry giant Maersk.

Shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing scrutiny to become cleaner.

Bo Cerup-Simonsen, is head of the independent Maersk Mc-Kinney Moller Center for Zero Carbon Shipping.

He told Reuters, quote:

"If we don't do anything beyond what is just normal good practice then shipping is on a path which is very far from the pathway laid by IPCC and the Paris Agreement."

Leading shipping associations proposed creating a global levy on carbon emissions from ships to help speed up the industry's efforts to go greener in September and submitted a proposal to the UN's shipping agency.

The center said such a levy could be introduced initially at as low as $50 per ton of CO2, before being gradually increased to $150 towards 2050.


© Reuters 2021
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