The Germany-based shipping company Hapag-Lloyd has announced new plans aiming for a 20% carbon dioxide emissions reduction by 2020 (as compared to 2016), company execs have revealed.
Accompanying the announcement of these plans, the company also revealed that it had already succeeded in reducing the carbon emissions of its shipping fleet by 46% between the years of 2007 and 2016.
Speaking on the need build on that achievement, Hapag-Lloyd CEO Rolf Habben Jansen commented: “What matters now is for all market players to pull together in the same direction.”
Reuters provides more: “Transport has been a laggard among efforts by industry to agree emissions cuts, with shipping and aviation not part of a global climate pact reached in Paris in 2015. But the International Maritime Organisation (IMO), the UN agency responsible for regulating pollution from ships, this month reached a deal to cut CO2 by 2050 from 2008 levels.”
“Hapag-Lloyd has modernized its fleet through its purchase of Gulf peer UASC, switching to more efficient vessels. The industry is also looking at low-carbon fuels and possible market-based mechanisms to help cut emissions.”
On that note, here current (and new) plans call for the shipping industry as a whole to substantially lower its carbon emissions output by 2050, but these plans are largely without a binding quality. That being the case, any changes in the industry are likely to be down simply to company-level decisions.