Does the Future of Sustainability Lie in the Shipping Industry?

Ocean shipping carries close to 90% of global trade, and it accounts for about 3% of global emissions. The International Maritime Organization has set ambitious targets to reduce those by 20% by 2030, by 70% by 2040, and reach net zero by 2050. Ships are expensive and pay for themselves over decades, and the technology for green fuels is still developing. What are you supposed to do if you're a shipping company? Do you invest early and take on the risk? Do you drag your feet? And why should we be thinking about the shipping industry in the first place? Host Curt Nickisch unpacks this question and more with Ravi K. Mehrotra and Amulya Mohapatra from the Foresight Group; Chris Wiernicki, independent industry consultant and the former Chair and CEO of the American Bureau of Shipping; Valerie Thomas, professor of industrial engineering at Georgia Institute of Technology; and Justin Ren, Associate Professor of Operations and Technology Management at BU Questrom. Learn more about your ad choices. Visit podcastchoices.com/adchoices