Responsible for transporting billions of tons of goods around the world every year, the shipping industry’s importance to the global economy cannot be overstated. However, it is also a major climate polluter. Accounting for roughly one-tenth of
, the industry also contributes to around two percent of annual global greenhouse gas (GHG) emissions. With emissions from shipping having grown more than 90 percent since 1990, the industry is now under increasing pressure to decarbonize.
Shipping emissions are rising
As the
volume of shipped goods has increased over the decades, so too have the shipping industry’s impacts on the environment. Between 2012 and 2023,
CO₂ emissions from international shipping increased by roughly 15 percent to 706 MtCO₂. This would make the global shipping industry the world’s seventh-
largest carbon dioxide emitter if it were a country.
Most flag states experienced rising emissions during this period. Liberia, now the world's largest ship registry, saw
emissions from vessels registered under its flag grow by almost 40 percent from 2012 to 2022, to 115 MtCO₂. In comparison, Panama, which had previously been the largest flag state, saw emissions decrease by 15 percent. In terms of ship ownership,
emissions from Chinese-owned vessels grew by 135 percent from 2012 to 2022, to just over 100 MtCO₂ – the highest emissions among vessel-owning countries.
What are the most polluting vessels?
The word’s merchant fleet is made up of many different types of vessels, such as chemical and oil tankers and cruise ships, but the
biggest contributors to shipping emissions are container ships and bulk carriers. In fact, these two vessel types accounted for roughly half of total CO₂ emissions from shipping in 2022. Container ships, of which there are around 5,800 in the
world’s merchant fleet, were the biggest overall CO₂ polluters that year, having emitted 222 MtCO₂.
Decarbonizing the shipping industry
In 2023, International Maritime Organization member states agreed to reach
net zero emissions from international shipping by or around midcentury, and has set interim targets of cutting emissions by between 70 and 80 percent below 2008 levels by 2040. Alternative fuels like green ammonia, hydrogen, and electricity, as well as the increased adoption of innovative
green shipping technology solutions, like high-tech automated wing sails, are expected to play key roles in decarbonizing efforts within the sector over the coming decades. However, with emissions currently headed in the wrong direction, and most
ships still running on fossil fuels, there will need to be a rapid scaling up of zero-emission fuels to meet demands and achieve targets.
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