Saturday, 18 May 2013

Shipping, World Trade & CO2



The international shipping industry recognizes the need and is committed to reduction of green- house gases and carbon dioxide gases. Even though, the shipping industry is the most carbon efficient means of transport, on the whole, the industry’s carbon emissions are just 3% of global emissions as compared to those of a major nation economy.

To that extent, the industry would have to aim at the carbon emission reduction level set by the new United Nations Climate Change Convention.  From this year shipping industry aims for the major reduction in CO2 emissions.

However, since the shipping industry is  majorly dependent on world trade, the growth of the world economy and the population would inadvertently determine the sector’s total  reduction  in carbon emissions in the future.
Source : NTM Sweden & ICS

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