How decarbonizing shipping could unlock a worldwide energy transition.

Climate change requires urgent action in all sectors of the economy - including maritime shipping, which carries close to 80 percent of global trade and accounts for 2-3 percent of global greenhouse gas emissions (GHG) annually. This is comparable with the emissions of large economies such as Germany and Japan. As global trade flows increase to serve a growing and more prosperous world population, emissions from shipping could grow between 50 percent and 250 percent by 2050 if no action is taken.

Shipping is not included in the Paris Agreement. However, to curb emissions, member states of the...