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What is the News?
The United Kingdom has announced the launch of the Clydebank Declaration on Green Shipping Corridors at the COP26 conference in Glasgow.
What is the Clydebank Declaration?
The Clydebank Declaration aims to set up green shipping corridors, which are zero-emission maritime routes between 2 (or more) ports.
As part of the declaration, the signatory countries will support the establishment of at least six green shipping corridors by 2050.
Signatory countries: Around 19 countries have signed the declaration.
India has not signed the declaration yet.
What is the significance of this declaration?
According to the World Economic Forum, International shipping which transports 90% of world trade accounts for about 3% of global carbon emissions.
Hence, without efforts to decarbonize, the sector’s emissions could increase by 50% by 2050 based on the projected expansion of seaborne trade.
Source: This post is based on the article “Countries at COP26 launch plan for net-zero shipping lanes” published in TOI on 10th November 2021.