Amazon and others commit to using zero-carbon shipping fuels by 2040 – Reuters
- Date: 21-Oct-2021
- Source: Reuters
- Sector:Oil & Gas
- Country:Middle East
Amazon and others commit to using zero-carbon shipping fuels by 2040 – Reuters
LONDON, Oct 19 (Reuters) - Amazon.com Inc (AMZN.O) and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector, executives said on Tuesday.
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 initiative, which was organised by the non-profit Aspen Institute and has nine signatories so far including others such as Unilever (ULVR.L) and Michelin (MICP.PA), sets a goal for companies to only purchase ocean freight services powered by scalable zero-carbon fuels by 2040.
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