The Climate on Monday: Shipping industry, Microsoft’s deal, Gridcare, DAC, and Stride Green
Shipping industry faces hurdles as it navigates new net zero rules
The shipping industry, responsible for about 3 percent of global emissions, faces a pivotal period as it seeks scalable zero-emission solutions and adapts to stricter climate policies, Reuters reported last week.
The sector must cut the greenhouse gas intensity of its fuel by 30 percent by 2035 and 65 percent by 2040 under new global regulations, with the International Maritime Organization introducing emissions thresholds and a pricing mechanism starting in 2028. While innovations like wind-assisted propulsion and biofuels…
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