- BIMCO launched a new film, entitled “No Turning Back”.
- Shipping industry is estimated to be responsible for around 3% of annual greenhouse gas emissions.
- About 90% of world trade is transported by ship. We have a tremendous responsibility when it comes to contributing to making global trade greener.
BIMCO launched a new film, entitled ‘No Turning Back’, which puts on the spotlight shipping’s transparency and decarbonisation, says an article published on safety4sea website.
Work towards decarbonisation is underway
As explained, the shipping industry is estimated to be responsible for around 3% of annual greenhouse gas emissions. Following the increasing pressure on industries, governments, and companies to reduce emissions, shipping needs to inform the public and decision makers about the industry’s efforts to decarbonise.
Work towards decarbonisation is underway and the challenge is immense. Finding solutions – from fuels to technology – to facilitate one of the biggest transitions ever faced by the maritime industry must be a priority. There is lots being done and there is still so much more to do. There is no turning back.
BIMCO data suggests that the shipping industry is responsible for around 3% of annual global greenhouse gas emissions and while the industry is making progress in finding sustainable solutions – from alternative fuels that limit CO2 emissions to new and improved ships – the work, research and development must be accelerated.
BIMCO President, Sabrina Chao, said: “About 90% of world trade is transported by ship. We have a tremendous responsibility when it comes to contributing to making global trade greener”.
In the process, the industry must contribute by exploring all possible strategies and look at alternative solutions when approaching energy transition. At the same time, the industry will need the support from global regulation to ensure a level playing field.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!