Can the shipping industry meet its climate goal for 2050?
Share Now on:
A major international shipping industry group said this week that it’s aiming for net-zero carbon emissions by 2050. The shipping industry makes up around 3% of total global emissions.
So, just how realistic is its new goal?
To meet the target, the shipping industry will need a new fuel. And no, going electric won’t work this time, said Jeffrey Rissman with Energy Innovation.
“That’s very straightforward for say cars, but for ships, they have to go such long distances and times across the ocean, where you would need to carry too many batteries, where they would get heavy and bulky,” he said.
Ammonia is one potential alternative fuel.
The International Chamber of Shipping that set these goals wants more research into zero-carbon fuels and proposes a carbon tax on shipping.
But the plan is still short on details, said Aoife O’Leary with the Environmental Defense Fund.
“I can have a target to lose weight, but unless I also do some exercise, I’m not going to get there, right?” O’Leary said. “So I’m more interested in what your steps are to actually get there.”
Still, with the right policies, Rissman said he’s optimistic.
“It is possible. But you’d have to start now,” he said, as ships have a long lifespan.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.