28 July 2021 1:49 GMT Updated 28 July 2021 1:49 GMT in Perth
UK supermajor BP has joined the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping as a strategic partner to join the challenge of reducing emissions from the shipping sector.
BP confirmed Tuesday it had signed a partnership agreement with the research centre, committing to a long-term collaboration on the development of new alternative fuels and low carbon solutions for the shipping industry.
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BP noted the shipping industry accounts for roughly 3% of global emissions and the long-term goal of decarbonising the industry will require new fuel types and “a systemic and regulatory change within the industry”, with new legislation needed to enable the transition towards decarbonisation.
BP joins zero-carbon shipping initiative
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