"Shipping Industry Grapples with Greenhouse Gas Showdown"

The shipping industry is facing increasing pressure to reduce its greenhouse gas emissions at a UN summit in London this week. Maritime transport currently emits as much CO2 as Germany but lacks a goal for cutting emissions to 'net zero'. Some delegates at the summit are pushing for 'net zero' emissions by 2050 and a 50% reduction by 2030. Campaigners argue that reaching these targets would be a significant climate achievement. Shipping is responsible for transporting around 90% of the world's goods, and its emissions could increase by 50% by mid-century if stronger action is not taken. The industry's current plans only aim for a halving of emissions by mid-century, which is out of line with the Paris climate agreement. The meeting in London aims to establish a new timeline for decarbonizing the shipping industry, with campaigners calling for a reduction of approximately half by 2030 and a net-zero goal for 2050.