The global shipping industry is off track to meet its target of zero-emission fuels accounting for 5% of all fuels by 2030, according to a new report.

The report – Progress Towards Shipping’s 2030 Breakthrough – highlights that the next 12 months will prove critical to avoid shipping falling irreparably behind its climate goals.

This third annual progress report has been published by the UCL Energy Institute at London’s Global University, UN Climate Change High-Level Champions, and the Getting to Zero Coalition (a Global Maritime Forum initiative).

It warns that the majority of actors across the maritime ecosystem – which spans the five ‘system change levers’ of supply, demand, policy, finance and civil society – are moving too slowly to meet the internationally agreed target. Global shipping is responsible for around 3% of the world's greenhouse gas emissions and with global trade predicted to quadruple by 2050, these emissions will increase rapidly without urgent action.The International...