What Would A ‘Divest Global Shipping’ Campaign Look Like To Save Our Ocean?

  • Date: 01-Nov-2020
  • Source: Forbes
  • Sector:Economy
  • Country:GCC
  • Who else needs to know?

What Would A ‘Divest Global Shipping’ Campaign Look Like To Save Our Ocean?

The successful global campaign on divestment from companies that support the fossil fuel industry. ... [+] Seen here, Davao, Philippines, Global Week of Action on Divestment.



Photo: 350.org Philippines

Global shipping has failed the planet. The industry is the world's sixth largest emitter of greenhouse gases and continues to increase pollution in the world's oceans. 

It is governed by weak environmental regulations. The industry controversially opted out of the 2015 Paris Agreement on Climate Change. The head of its UN regulator, the London-based International Maritime Organization (IMO), tried to publicly undermine the ambition level of the EU on shipping emissions this summer.  Then just over a week ago, the shipping industry announced plans to continue increasing emissions by 14% by the end of the decade when