The only way to lower greenhouse gas emissions in shipping and entice companies to set zero-emission targets in the sector is by setting an end date for fossil fuels in the shipping industry through a global regulation, Maersk’s Chief Advisor for Green Transition Concepción Boo Arias said.
“It is very important to get the right global regulation in place. Investments only come when regulation is in place,” Arias noted during an IMO side event on the production of future marine fuels in developing countries, held on Thursday at COP27.
