COPENHAGEN: Container shipping giant A.P. Moller-Maersk now plans to achieve net zero emissions in its business by 2040, a decade earlier than previously announced, on the back of rising customer demand for green transportation and technical leaps.
With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world’s CO2 emissions, and the sector is under growing scrutiny to become cleaner.
“When we set the target back in 2018, it was truly a moon shot target, where truth be told we really didn’t have a lot of very specific plans,” Maersk’s Chief Executive of Fleet and Strategic Brands Henriette Hallberg Thygesen told Reuters.
But since then the industry has seen technological advances on th …