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More than $1trn needed to meet shipping’s green initiative

The shipping industry will need between $1trn and $1.4trn for new fuel production and supply chains investments and a new or retrofitted fleet to reduce its greenhouse gas emissions by at least 50% by 2050, study reveals

If shipping is to fully decarbonise by 2050, this will require further investments of some $400bn over 20 years, bringing the total to between $1.4trn and $1.9trn

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