Net Zero Shipping: How can international shipping decarbonise?
The Environmental Audit Committee examines the opportunities for shipping to decarbonise, and look at what incentives and market-based mechanisms can support the sector towards greener fuels. Across two panels, representatives from academia and the shipping and finance industries will be giving evidence.
International shipping accounts for about 2.7% of global carbon dioxide emissions, and if shipping was a country, it would be the sixth highest emitter. It is expected that the global demand for shipping will increase in the next few years, with warnings that CO2 emissions will increase by 50% above 2018 levels if no action is taken.