Decarbonising the high seas in two visions
Challenged by new climate change rules, maritime shipping seeks inspiration in upgrading the past, while boating’s future is charged with lightning… Maritime transport is the backbone of world trade, carrying some 80% of international trade in goods, producing approximately 3% of global greenhouse gas emissions - more than aviation. The eventual cost of reaching net-zero in this sector is expected to be between $2tn and $3tn, $2billion of which would be needed by the UK’s maritime sector. Fuelled by the continued expansion of international trade, the volume of goods shipped by sea is projected to triple by 2050. Under a business-as-usual scenario, shipping’s climate footprint could increase by as much as 250% by mid-century. Special measures To encourage the use of renewable and low…