Greener shipping - what needs doing

New fuels and propulsion systems, upgraded vessels and an entirely new global refuelling network are required to cut CO2 emissions. The industry’s proposed research and development fund needs stronger backing.

Container ships and bulk carriers at Singapore’s port last month. PHOTO: BLOOMBERG

When governments need to move fast to respond to crises and urgently develop scalable solutions, they turn to industry. In the past months, we have seen a herculean effort undertaken by the pharmaceutical industry. Working with research institutions, they have come forward with Covid-19 candidate vaccines in what has been record time.

It was not political institutions or international organisations that were equipped to do this. It was the power of industry that undertook the urgent research and development needed to produce large-scale solutions for a massive global challenge.

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