Data Shows 9.6% Reduction In CO2 Emissions From Container Shipping Since 2015 – Clean Cargo
Annual report from Clean Cargo showed that 80 percent of the ocean shipping and the main global buyers have shown steady progress in the reduction of emission but also mentioned that major solutions are required in order to meet the decarbonization challenge.
According to the report by the BSR’s Clean CargoTM, the emission of carbon dioxide from the world’s 17 leading ocean container carriers that account for about 80 percent of the world’s containerized shipping has been falling since 2018.
The carbon dioxide emission per ship has gone down by 9.6 percent since 2015. This shows the commitment of the members of the Clean Cargo in order to achieve the goal laid by the International Maritime Organization (IMO) to reduce the CO2 emission to half by 2050.
The aggregate average Trade Lane CO2 Emissions Factors by Clean Cargo is made by taking together the data reported about CO2 emission by more than 3200 ships from 17 of largest ocean container carriers of the world like A.P. Møller – Mærsk, CMA CGM Group, COSCO Shipping Lines Ltd., Evergreen Line, Hapag-Lloyd, Hyundai M.M., MSC, ONE (Ocean Network Express), and Yang Ming Marine Transport Corp. The report also shows that the shipping industry is improving the environmental efficiency of its fleet while ensuring the smooth functioning of the global trade.
“With growing exposure of climate impact and increased societal and regulatory expectations, decarbonizing ocean shipping is no longer an impossible dream but a real business continuity challenge,” said Angie Farrag-Thibault, Director of Transportation & Logistics at BSR and Program Director of Clean Cargo. “While consolidated and comprehensive emissions data is one key part of this effort, system change through value chain collaboration is also critical.
Clean Cargo enables shippers, carriers, forwarders, and ports to work together, along with a network of other initiatives and solution providers, on developing and scaling transformative solutions for a sustainable cargo shipping industry.”
The members of the clean cargo are trying to speed up the progress by sharing best practices, discussing and sharing the trends and innovation in the logistics chain value and designing tools and pilot projects in order to support the decarbonization of the industry. Clean Cargo is a GLEC Accredited partner of SFC and a Knowledge Partner to the Getting to Zero Coalition.