The UN Conference on Trade and Development, an intergovernmental organisation, releases a report (Review of Maritime Transport 2023) calling for a “just and equitable transition” to a decarbonized shipping industry.

The report is released ahead of World Maritime Day (September 28).

The report highlights the “pressing need for cleaner fuels, digital solutions and an equitable transition to combat rising carbon emissions and regulatory uncertainty in the shipping industry.

But this comes with substantial costs.”

The shipping industry accounts for over 80% of the world’s trade volume and nearly 3% of global greenhouse gas emissions, with emissions escalating by 20% in just a decade.

UN/ Aljazeera