Around 80 percent of international trade is carried by ships and the shipping industry is responsible for 2 to 3 percent of global CO2 emissions
Ocean transport results in displacement and degradation of marine biodiversity, air and ocean pollution, and proliferation of waste streams.
Maritime stakeholders and nations must work together as part of a wider compact to achieve carbon neutrality, or at the very least, achieve IMO’s target of reducing shipping’s GHG emissions by 50 percent by 2050 compared to 2008.
