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The latest IMO talks are courting controversy, with green groups warning current proposals setting out how the sector can deliver its 2030 decarbonization target fall far short of global climate goals.
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Hydrogen, liquified natural gas and technologies geared at improving energy efficiency of ships are among Shell's proposed solutions to decarbonize its shipping business.
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Silverstream Technologies has developed a system where a carpet of microbubbles is spread across a ship's hull in order to reduce friction, save fuel and slash carbon emissions.
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The new 2039 target builds on existing goals to reach carbon neutrality across its operations and halve its value chain emissions by the end of the decade.
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That's according to a BloombergNEF report that calls policy support for the hydrogen economy 'insufficient.'