Splash Extra

Carbon credits: kicking the can down the road or a viable interim solution?

Carbon trading is set to be big business in shipping. Splash Extra investigates the pros and cons.

As the push for net zero emissions by 2050 continues, the shipping industry is witnessing an increased demand for carbon credits - a tradable permit or certificate that provides the holder of the credit the right to emit one ton of CO2 or an equivalent of another greenhouse gas (GHG).

According to the International Maritime Organization (IMO), shipping accounts for close to 3% of annual global emissions, and shipowners are faced with a challenge to reduce greenhouse gas (GHG) emissions by at...

To continue reading, please login below or subscribe here.


Back to top button