International Shipping Emissions : Increased
Greenhouse gas (GHG) emissions from international shipping have increased by 20% over the last decade, according to the United Nations Conference on Trade and Development (UNCTAD).
- The shipping industry accounts for nearly three per cent of global GHG emissions and more than 80% of global trade volume.
- The sector faces challenges in transitioning to alternative fuels, as 98.8% of the global fleet still uses conventional fuels.
- Only 1.2% of vessels use alternative fuels, such as liquefied natural gas (LNG), battery/hybrid, liquefied petroleum gas (LPG), and methanol.
- To address emissions, the International Maritime Organization has set a target of achieving net-zero GHG emissions by around 2050 and aims to ensure that zero or near-zero GHG fuels represent at least five per cent of energy used by international shipping by 2030.