Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The global shipping industry, which carries 90 percent of all global trade by volume, has started to acknowledge the urgency of climate change, and is taking steps to minimize its environmental impact. On Jan. 1, 2020, cleaner fuel standards for shipping will take effect globally.In the meantime, governments will be collaborating on additional measures to reduce the environmental and climate impact of the global maritime trade system.As matters stand, the shipping sector, ranked alongside countries, is the world's sixth largest greenhouse gas (GHG) emitter.The good news is that under an ambitious IMO agreement concluded last year, the shipping sector must reduce its GHG emissions to "at least" half of their current levels by 2050, while also taking steps to start reducing emissions before 2023 . The bad news is that discussions over the best policies for achieving these goals have stalled. Fuel is now the single biggest operating expense in shipping, which means that early adopters of technologies that reduce fuel costs can offer better freight rates and achieve a competitive advantage.
Clothing, textiles have a future in the Euro-Mediterranean area
FOLLOW THIS ARTICLE