Zero Emissions Shipping Boost

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Some of the world’s biggest retailers have signaled their intention to switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040. A group of brands including Amazon, IKEA, Michelin, Patagonia and Unilever have signed up to the Cargo Owners for Zero Emission Vessels (coZEV), a new collaborative, cargo owner-led network facilitated by the nonprofit Aspen Institute. This sends a powerful demand signal "to the shipping industry and bunker fuel producers that freight customers want zero-carbon shipping and they expect the industry to rapidly accelerate its decarbonization efforts in the years ahead," the Aspen Institute says. Maritime shipping currently accounts for 3% of all global emissions, and could rise to 10% by 2050 if the industry continues to rely on carbon-intensive fuels.

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