Shipping Industry’s Net-Zero Goals: Are They Feasible?

Quick Summary

• International shipping will now face a hefty carbon charge under new global decarbonisation rules.
• The agreement aims to help the industry achieve net zero emissions and is considered a “momentous outcome.”
• Shipping currently accounts for 3% of global greenhouse gas emissions.
• Analysts view this as an unprecedented move, establishing a global carbon pricing framework for the shipping sector.

Image Caption: shipping accounts for 3% of global greenhouse gas emissions.
Credit: Suphanat Khumsap/Getty Images