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Environment
Don Maier, Associate Professor of Business, University of Tennessee

Global shipping has a new climate strategy – it's vague, obscure and almost noncommittal, but it may be pointing the industry in the right direction

International shipping accounts for about 3% of global greenhouse gas emissions. Richard Ross/The Image Book via Getty Images

The world’s largest shipping companies are starting to update their fleets for a greener future. Maersk received the world’s first dual-fuel methanol container ship in July 2023, and dozens more container ships that can run on alternative fuels are currently on order.

The industry – responsible for about 3% of global greenhouse gas emissions, more than Canada and Ireland combined – has reasons to act and to have some confidence in its multimillion-dollar investments.

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