Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business
Stine Jacobsen

World's largest container shipper Maersk aims to be CO2 neutral by 2050

FILE PHOTO: Children play in the sea at New Brighton as the Maersk Line container ship Maersk Sentosa is helped by tugs as it navigates the River Mersey in Liverpool, Britain, July 31, 2018. REUTERS/Phil Noble/File Photo

COPENHAGEN (Reuters) - Maersk, the world's biggest container shipper, aims to be carbon neutral by 2050, in a challenge to the rest of the world's fossil fuel-dependent fleet.

Denmark's Maersk said on Wednesday it aimed to have carbon neutral vessels commercially viable by 2030 by using energy sources such as biofuels and would cut its net carbon emissions to zero by 2050.

FILE PHOTO: A rainbow is seen over the container ship 'Maersk Genoa' as it sails off the northern coast of Tunisia in the central Mediterranean December 1, 2018. REUTERS/Darrin Zammit Lupi/File Photo

The shipping industry, which carries around 80 percent of global trade, accounts for 2.2 percent of CO2 emissions, the UN's International Maritime Organization (IMO) says.

But along with aviation, it avoided specific emissions-cutting targets in a 2015 global climate pact which aims to limit a global average rise in temperature.

However, the United Nations shipping agency reached an agreement in April to cut CO2 emissions by at least 50 percent by 2050 compared with 2008 levels.

Delegates from more than 190 nations are meeting in Poland to flesh out how to reach commitments made under the Paris Accord to keep the rise in global temperature below 2 degrees Celsius this century.

"The only possible way to achieve the so-much-needed decarbonization in our industry is by fully transforming to new carbon neutral fuels and supply chains," Maersk's Chief Operating Officer Soren Toft in a statement.

Given the 20-25 years lifetime of a vessel, the industry would now have to start developing new types of ships that will be crossing the seas in 2050, Maersk said.

Last year, Maersk's greenhouse gas emissions amounted to almost 35.5 million tonnes of CO2 equivalent, mostly from its container business, Maersk's sustainability report shows.

Maersk said CO2 emissions per container had been reduced by 46 percent since 2007.

Denmark and Britain are the top countries when it comes to implementing measures to fight climate change, although Britain has lagged in phasing out fossil fuel subsidies, a report published by academics said on Wednesday.

(Reporting by Stine Jacobsen; Editing by Mark Potter and Alexander Smith)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.