Decarbonising the marine sector: Progress and Aspirations
BC-SMART/IEA Bioenergy Task 39Webinar-Panel Discussion
The shipping sector is responsible for 80-90% of global trade, employing millions worldwide,andis aptly described as the “lifeblood of the global economy”. The downside is that,even though shipping is a cost-effective and low carbon-intensive mode of transport, it accounts for more than 900 million tonnes (or 2-3%)of global GHG emissions(andlarge amounts of sulfur emissions). The International Maritime Organization’s (IMO’s) 2050 target calls for at least a 50% reduction in GHG emissions compared to 2008 levels whileputting muchstricter limits on sulfur emissions. However, decarbonising the marine sector will not be easy!