We live in an increasingly Globalized society where exchange of goods and services is easy, affordable and fast. About 90% of the global trade is happening through the sea. Currently, the number of merchant vessels producing above 100 gigatons of CO2 emissions amounts to 104.000 worldwide. As global demand continues to increase, the number of merchant vessels will grow proportionally and – with that – CO2 emissions are expected to quadruple by 2050. To counter the social and environmental risks emerging from this trend, regulators throughout the world are taking initiatives to reduce CO2 emissions in the maritime industry. As 2015 comes to an end, we explore 9 areas marking 2015 as a green year in the shipping industry.
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