- Sep 30, 2020 4:02 pm GMT
Hydrogen as a pathway to netzero shipping for Shell
Shipping is the backbone of the global economy. It is by far the most efficient mode of freight transport and transports approximately 80% of the world’s trade volume, according to the United Nations Conference on Trade and Development (UNCTAD). However, as the industry’s development continues, it generates increasing carbon emissions from shipping.
The International Maritime Organization (IMO) has set an ambition to reduce the carbon intensity of emissions from shipping by at least 40% by 2030, and 70% by 2050, compared with 2008 levels. To achieve this, the shipping industry needs to unite in taking urgent action.
Today, there is an opportunity to create a new paradigm through a set of manageable, practical solutions that could break the deadlock and accelerate decarbonisation. Making this happen requires collaboration within the shipping industry itself, across the broader shipping ecosystem and with other sectors.
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