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
Image:

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...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Shipping

Credit: Smart Green Shipping

Government launches International Green Corridor Fund

New £1.5m fund to enable feasibility studies for planned green shipping corridors between the UK, Norway, Denmark, and the Netherlands

James Murray
clock 14 September 2023 • 3 min read
'Building the business case': Corporate giants issue call for zero emission shipping contracts

'Building the business case': Corporate giants issue call for zero emission shipping contracts

Zero Emission Maritime Buyers Alliance issue formal Request for Proposal from suppliers that can provide zero emission shipping services

James Murray
clock 14 September 2023 • 4 min read
All aboard the Earth Clipper: Behind the scenes on London's newest, greenest, and quietest ferry

All aboard the Earth Clipper: Behind the scenes on London's newest, greenest, and quietest ferry

The boss of London's ferry service talks to BusinessGreen about the challenges of getting Europe's first high speed hybrid ferry service off the ground

Cecilia Keating
clock 13 September 2023 • 6 min read