Shipping's Green Future: Challenges & Solutions

Shippings Vital Role and the Push for Sustainability - The podcast episode delves into the significance of shipping in the global economy, with nearly half of all goods traded by sea. The International Maritime Organization is considering a carbon emissions levy, raising questions about the industrys readiness for sustainability. Håkan Agnevall, CEO of Wärtsilä, discusses the critical role of shipping, citing the Suez Canal incident that cost the global economy billions. Over eighty percent of global goods move by sea, employing millions and impacting jobs worldwide. The shipping industry accounts for two to three percent of global carbon dioxide emissions, similar to aviation. Companies like Wärtsilä are developing technologies like carbon capture. While half of todays fleet uses diesel, and forty-eight percent are ready for alternative fuels, many of these are still fossil fuels. Greener fuels are being developed, but their supply isnt yet sufficient for long-haul shipping. New ship orders are increasingly for green-ready vessels, indicating a positive shift, though Håkan believes the pace needs to accelerate.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.