PARADIGM SHIFTER
According to the World Economic Forum, ships produce over 1 billion metric tonnes of CO2 annually, accounting for 2-3% of global greenhouse gas emissions. If the industry was a country, it would rank as the sixth-largest emitter, surpassing Germany and just before Japan; and maritime trade is expected to increase by up to 130% by 2050. As the main trade route of the global economy – over 80% of worldwide commerce is carried by sea – the maritime ecosystem has been facing enormous pressure to decarbonize. But now the extent to which zero- emissions shipping is a market opportunity with vast economic potential, in addition to an urgent need for the environment, is becoming clear . A recent study by the International Maritime Organization, the UN body responsible for shipping, projects trillions of capital
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