Why Isn’t Panama Paying Its Fair Share Of 20% Of All Global Shipping’s Carbon Emissions?

  • Date: 20-Sep-2020
  • Source: Forbes
  • Sector:Economy
  • Country:GCC
  • Who else needs to know?

Why Isn’t Panama Paying Its Fair Share Of 20% Of All Global Shipping’s Carbon Emissions?

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Shipping is a boom industry. In the 20 years since the year 2000, the global shipping fleet has increased by 250%.

Going into 2020, there were 61,100 large vessels in the world - mainly large ocean-going container ships, bulk carriers, oil tankers. While the number of vessels has remained relatively constant - around 60,000 - it has been the size of ships that have been ballooning.

The 250% growth figure since the year 2000 (or doubling since the year 2005), is calculated in deadweight tons, which is the