Whilst transporting goods by sea is the most efficient means of moving cargo over long distances, in 2014 the maritime sector emitted nearly 1 billion tonnes of CO2, representing nearly 3% of global emissions.
The GHG Rating was developed to reduce CO2 missions from shipping by:
- providing transparent information on vessel efficiency to inform selection activities
- addressing market barriers relating to energy efficiency in the maritime sector, and
- rewarding those investing in efficiency measures such as shipowners and their financiers