Trade and Investment

This revolutionary shipping technique could boost developing countries' growth

A fisherman sits on the bank of the Suez Canal in Ismailia, Egypt in this December 14, 2005 file photo. Winding through this small Egyptian town like an artery, pumping cash into its hospitals and schools and beyond into the wider economy, the Suez Canal has flourished as a shipping shortcut. Now the faltering global economy, coupled with a rise in piracy to the canal's south, looks set to end the high times for the waterway and the town Egyptians call its bride. To match feature EGYPT-CANAL/. REUTERS/Aladin Abdel Naby/Files (EGYPT) - GM1E4AK0LUX01

Ships currently account for 2-3% of greenhouse emissions. Image: REUTERS/Aladin Abdel Naby/Files

Dominik Englert
‎Economist, Climate Change Analytics and Advisory Services, World Bank
Andrew Losos
Senior Transport Specialist, World Bank
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Image: Environmental Defense Fund (2019)
Zero-emission investment breakdown across vessels and land-based infrastructure. Source: Getting to Zero Coalition (2020). The scale of investment needed to decarbonize international shipping.
The size of the investment needed. Image: Getting to Zero Coalition (2020)
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