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June 15, 2023

Maritime industry prepares for tougher decarbonisation targets

The shipping industry accounts for 3 per cent of global greenhouse gas emissions – roughly comparable to those of the aviation sector. (Photo by Peter Parks/AFP via Getty Images)
The shipping industry accounts for 3 per cent of global greenhouse gas emissions – roughly comparable to those of the aviation sector. (Photo by Peter Parks/AFP via Getty Images)

Until now, shipping has avoided the same scrutiny as other industries on its emissions but upcoming EU regulation now aims to push for greater reductions on a global scale.

In recent months, the EU has put forward several legislative proposals that impose stricter decarbonisation efforts on existing shipping fleets, in an attempt to green and modernise an industry crucial to global trade.

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