Storm approaching: How the global shipping could be cruising towards a $25bn annual climate hit

Michael Holder
clock • 5 min read
Shipping accounts for around 2.5 per cent of global CO2 emissions
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Shipping accounts for around 2.5 per cent of global CO2 emissions

Shipping sector urged to demonstrate far more climate ambition and step up investment in zero carbon fuels and technologies

The global sh­ipping industry could face up over $25bn in damages every year from worsening climate impacts such as rising sea levels and destructive storms by the end of the century, which could in turn...

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