“The Shipping Industry Must Go Green”
The shipping industry is “approaching an energy transition”, writes Uwe Lauber for Handelsblatt Global, although there is still no “Green Deal” for market participants and no policy in place following the Paris climate summit. The sector “is preparing for the complete departure from heavy oil as a fuel,” Lauber writes, adding that liquefied natural gas (LNG) is a possible substitute. He warns that for an entire industry to switch to alternative fuels poses economic risks and technical challenges. Lauber calls for uniform environmental standards to be established at an international level with involvement from the German government, which is currently working on a maritime agenda up to the year 2025.
Read the article (behind paywall) in English here.