Why maritime decarbonisation matters for Australia

AI Summary

Australia relies heavily on maritime transport, which carries about 99% of its trade by volume and 87% by value. The article argues that decarbonising shipping and transitioning to zero- and near-zero-emission fuels is important to the country’s economy and global connections.

Australia’s economy and way of life depend on shipping. Around 99% of Australia’s trade by volume and 87% by value is carried by sea, making maritime transport essential to the nation’s economic prosperity and connection to global markets. At the same time, international shipping is beginning a major transition toward zero- and near-zero-emission fuels and ...