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Green groups urge UN to raise climate ambition on globalshipping. The globalshipping industry's decarbonization efforts once again face stormy seas. Faïg Abbasov, head of shipping at campaign group Transport & Environment, told BusinessGreen the proposal was "essentially an empty shell." "To Cecilia Keating.
Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a report launched by technology firm Wärtsilä on 21 March. iii Transporting 80% of world trade, shipping is the engine room of the globaleconomy.
The sector currently generates 8% of global CO2 emissions: more than aviation and shipping combined. The challenge of increasing emissions is becoming more urgent as production of concrete and cement is increasing to meet global needs. ” Javier Durand of Peruvian cement giant Cementos Pacasmayo S.A.A.,
Tourism is projected to make up nearly 12% of the globaleconomy by 2033, but it is also poised to consume a troubling 40% of the world’s remaining 1.5°C year-on-year between January and March, and tourist hotspots like Mykonos were overrun with cruise ship visitors this summer. to cruise ships docking at its ports.
Second-quarter issuance represented US$238 billion, down 20% year-on-year, while global issuance of green, social, sustainability, sustainability-linked and transition bonds totalled US$238 billion – also down 20%. Next year, that figure will go up to 70%, and to 100% from 2026 and beyond.
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