Exploring DP World’s Decarbonization Strategy
Supply chains are getting more complex and logistics networks are linking more economic centres across the globe.
With freight transport relying heavily on fossil fuels due to long distances which need to span across countries and continents, it is no surprise that freight transport is one of the largest contributors of emissions. Transport related CO2 emissions account for 16% of total global emissions each year, out of which trade related freight transport accounts for 40-45% (roughly 7-8% of global emissions).
To tackle the industry's growing emissions, key players in the industry, including DP World, have set out detailed decarbonization strategies to reduce their emissions to achieve net zero over the next few decades.
In addition to the IMO adopting a strategy to reduce total e