Maersk, which owns the worlds largest shipping fleet, will apparently only have eight ships ready to run on methanol by 2025. This reflects the costs and complexity of decarbonising shipping.
The problem with the agreement on green shipping corridors is that only about 200 out of over 50,000 ships globally active in trade will be green by 2030. So what else should have been done? What COP26 ignored But there are limits to what this agreement can achieve, and numerous other important issues around shipping and global trade were overlooked by the conference. This is good news, given that international freight transport contributes about 7% of total global carbon emissions, and maritime shipping alone around 2.5%. There are to be six by the middle of the decade, and more by 2030.
This has seen 22 countries, including the US, UK, Japan and Germany, committing to establishing routes in which shipping is to be free of carbon emissions.
Yet there were steps forward, including the Clydebank Declaration for Green Shipping Corridors. Scientists say it will not lead to the decarbonisation required to limit global warming to less than 2☌ in the coming years. Much of the world has been left disappointed by the Glasgow Climate Pact, the outcome of the COP26 climate conference.