Shipping’s C02 emissions predicted to fall 1.1% this year

Shipping’s C02 emissions predicted to fall 1.1% this year

Clarksons Research is predicting that shipping’s total C02 emissions will drop by 1.1% this year to 818m tons and that the global fleet’s carbon footprint has been cut by 19.2% over the last 10 years.

The 1.1% reduction comes as the world fleet continues to grow – Clarkson data showing the merchant fleet grew 3.4% in gt terms in the first 10 months, reaching 97,838 vessels of 1.4bn gt at the end of October this year, up by more than 500m gt over the past 10 years.

The data, carried in the latest World Fleet Monitor publication issued yesterday, shows shipping’s share of global CO2 emissions now stands at 2.2%.

Shipping has set itself targets to halve its CO2 output from 2008 levels by 2050.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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2 Comments

  1. Avatar
    Peter Nuttall
    November 28, 2019 at 5:26 pm

    One swallow does not a summer make. Maintaining no more than 1.5 degrees global warming requires long term consistent commitment to radical decarbonisation of all sectors and shipping still fails to move with the urgency and unity this global crisis requires. One prediction of a 1% reduction in an unstable a market as international shipping enjoys today is not worth putting the Bollingers on the fast melting ice for yet, not when king tides caused 200 people to be evacuated from their homes in Majuro last night.

  2. Avatar
    Capt. Gautam Ramaswamy
    November 29, 2019 at 11:39 am

    I do wonder what the prognosis from the Aviation industry is, in this regard.