Driving Emission Out of Shipping - A race against time
Magnus Gustafsson, Partner at PBI
Green-house-gas (GHG) emissions from shipping have until recently received little scrutiny or regulatory attention. They were left out of the Paris agreement on climate change, which sets out a global action plan to keep global warming well below 2°C, requiring reduction commitments by individual nations. Because overall global temperature rise depends on cumulative global CO2 emissions, the Paris temperature range can be translated into a 600 Gt budget of CO2 emissions that are still permissible, but requires global and drastic cut-downs by all sectors, including all actors within the shipping sector.
The whole white paper can be read here
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