Shipping faces a showdown over greenhouse gas

This week high-level talks began at the International Maritime Organization how to clean up an industry that carries more than 80% of world trade — and spews more carbon dioxide into the Earth’s atmosphere each year than Germany.

This week’s talks are part of a long and slow-moving series of international meetings about what green goals the industry should aim for, and how it might get there.

By the end of this week there should be a major new target, though exactly how that’s phrased is yet to be decided. A draft document seen by Bloomberg News on Friday had the industry agreeing to try and reach net zero “around” 2050.

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