Shipping, which is vital to the global economy, is responsible for about 2.5% of the world’s total greenhouse-gas (GHG) emissions as it is reliant on fossil fuels for power to transport about 90% of all freight goods transported by sea. Like other forms of transport, the maritime sector has committed to reducing its carbon footprint and the International Maritime Organisation (IMO) has set a global target to cut yearly emissions by at least 50% by 2050 from 2008 levels.
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