A massive scaling up of finance for research and development is essential to achieve zero carbon emissions by 2050, says report by International Chamber of Shipping and global engineering, environmental and strategic consultancy Ricardo.
With pivotal climate discussions at COP26 less than a month away, industry experts from shipping and the energy sector came together at the latest ICS Leadership Insights series to discuss the commitments and challenges that will be needed to decarbonise shipping.
Over the past 100 years of shipping, vessels have been powered by sail, coal and oil and gas. Now, in response to the climate crisis, the industry has committed to decarbonise by using more efficient technologies, lower emission fuels and ultimately moving to new zero carbon fuel sources created from renewable energy. Increasing the speed and scale of the transition will be vital. Learn about what is already being done to bring into service zero- and lower-carbon ships and what is needed to increase the pace of this deployment.