Over the last year, climate change - or more appropriately climate action - has emerged as the critical issue impacting the future of global industries. Companies are under pressure to outline plans to transition to a more sustainable way of doing business - and the shipping and maritime communities are no exception. Transportation emissions - which typically include road, rail, air and marine - are responsible for an estimated 24% of the world's carbon emissions. Transport-related pollution is expected to grow at a faster rate than any other sector, putting climate targets into question. While marine accounts for only a small share of those contributions - about 3% - projections suggest it could increase to 17% by 2050. Shipping has a colossal role to play in corporate supply chains and enabling companies to meet their own net zero targets. Sustainability is not new to shipping. In fact, The International Maritime Organization (IMO) has indicated its full support for implementing the United Nations Sustainable Development Goals and created an initial emissions strategy in 2018 aimed at reducing emissions from shipping by 50 percent compared to 2008 levels by 2050.
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