Shipping industry recognizes their role in the climate crisis in an open letter to the International Maritime Organisation

19 December 2019: International shipping is responsible for more than 2% of global carbon dioxide emissions (roughly the same contribution as that made by Germany). Nevertheless, the sector remained out of focus during the negotiation of the Paris Agreement. Now, the industry is willing to “match the ambitions of the rest of the world in meeting its carbon objectives”. In a proposal submitted to the IMO, industry leaders suggest that a fund—financed through a pricing mechanism of $2 per tonne of fuel bought by shipping companies worldwide—could gather resources to improve the efficiency of global shipping by around 90%. To read more on the proposal, follow the link to the Climate Home News website.