Shipping drifts off net-zero course without carbon levy -study – Reuters

Shipping drifts off net-zero course without carbon levy -study – Reuters

COPENHAGEN, Oct 25 (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.

"The transition doesn't happen by itself because the ways of decarbonising are more expensive than just continuing to run on fossil fuels," said Bo Cerup-Simonsen, head of the independent Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, which published its research on Monday.