(www.MaritimeCyprus.com) Shell has published a joint report with Deloitte that outlines industry perspectives on how to accelerate decarbonisation of the shipping sector. âDecarbonising Shipping: All Hands on Deckâ presents the views of 80 senior shipping executives, representing 22 countries and almost all segments of the industry.
The report captures the industry view of how to decarbonise shipping. It presents a roadmap of how the industry could meet the International Maritime Organizationâs ambition to reduce shipping emissions within decades.
The paper presents 12 solutions or recommendations for action. The challenge for the industry is clear and there is little time to lose. Every operator and stakeholder in the industry has a role to play. Momentum is building, and there is a sense of optimism that it can be done.
Shipping is the backbone of the global economy. It is by far the most efficient mode of freight transport and transports approximately 80% of the worldâs trade volume, according to the United Nations Conference on Trade and Development (UNCTAD). However, as the industryâs development continues, it generates increasing carbon emissions from shipping.
The International Maritime Organization (IMO) has set an ambition to reduce the carbon intensity of emissions from shipping by at least 40% by 2030, and 70% by 2050, compared with 2008 levels. To achieve this, the shipping industry needs to unite in taking urgent action.
Today, there is an opportunity to create a new paradigm through a set of manageable, practical solutions that could break the deadlock and accelerate decarbonisation. Making this happen requires collaboration within the shipping industry itself, across the broader shipping ecosystem and with other sectors.
For more details, click on below image to obtain the full report: