Shipping drifts off net-zero course without carbon levy -study By Reuters – Investing.com

Shipping drifts off net-zero course without carbon levy -study By Reuters – Investing.com

By Stine Jacobsen

COPENHAGEN (Reuters) - The global shipping industry is on course to see its greenhouse gas emissions rise by around a fifth by 2050 if action including introducing a carbon levy on fuel is not taken, new research backed by industry leaders shows.

With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing scrutiny to become cleaner.