Blog by Nishatabbas Rehmatulla and Isabelle Rojon (UMAS)

Something we’ve got used to in our daily purchasing habits is the term ‘buy now pay later’. Whilst this may be good for our personal lifestyles and ease the cash flow somewhat, we still have to pay, only later and usually with added interest. The same goes for our climate: we emit now, but due to finite CO2 budgets, we will ultimately have to pay and it is up to us to decide whether we prefer drastic mitigation or adaptation action as payment. For quite some time shipping, which accounts for approximately 2-3% of global CO2 emissions, has dodged the emissions regulatory bullet for various reasons (relative to other sectors), one of them being the public’s lack of awareness of the industry. Unless you live next to a busy port, you probably don’t think too much about the global shipping industry and its carbon footprint. (more…)