Why maritime decarbonisation matters for Australia

Australia's economy and way of life are closely tied to maritime shipping, as around 99% of the country's trade by volume and 87% by value is carried by sea. This dependence makes maritime transport essential to Australia's economic prosperity and connection to global markets. Despite the importance of shipping, international shipping is undergoing a major transition toward zero- and near-zero-emission fuels and technologies.

This shift is driven by evolving regulation, customer expectations, and supply chain decarbonisation commitments. Australia's shipping-related greenhouse gas emissions from commodity exports are estimated at around 34 million tonnes annually, equivalent to approximately 8% of the country's total GHG emissions. While these emissions are not directly captured within Australia's domestic emissions targets or policy framework, the economy remains highly exposed to shipping's net-zero transition.

Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.