How the Shipping Industry Is Trying to Cut Its Billion Tons of CO2 Emissions

Cargill chartered the Pyxis Ocean, which last year was fitted with two so-called WindWings made from steel and composite glass.
Lock
This article is for subscribers only.

Shipping’s global regulator is pushing the industry to achieve net zero greenhouse gas emissions by mid-century. Getting there will mean transforming a sector that’s still largely powered by fossil fuels and accounts for about 3%Bloomberg Terminal of human-made carbon dioxide.

Shipping carries more than 80% of world trade and in total emitted more than a billion tonsBloomberg Terminal of CO2 in 2018, according to the International Maritime Organization’s most recent greenhouse gas study — a global reference for estimating GHG emissions. While companies are ordering shipsBloomberg Terminal that can run on alternative fuels like methanol, and dipping into emission-cutting technologies like wind and hull-cleaning robots, the overwhelming majority of the fleet is still burning oil. Houthi attacks in the Red Sea area have also forced carbon-spewing ships to take longer routes, adding millions of tons of pollution. Sanctions on Russia and drought in the Panama Canal have also pushed cargo-carriers to sail significantly further.