January 21 , 2020
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- The United Nations had set the target of reducing carbon emissions from shipping industry by 50% by 2050 as compared to the levels in 2008.
- To achieve this target, the world has to spend 1 trillion USD.
- According to the United Nations, the emissions from shipping account to 2.2% of world carbon-dioxide emissions.
- The Decarbonisation target was initiated by the International Maritime Organization.
- The International Maritime Organization regulates international shipping and its green house gas emissions.
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