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CMA CGM targets 2050 to be carbon neutral

FRENCH shipping giant CMA CGM has said that it aims to become carbon neutral by 2050 and is targeting for 10 per cent of its energy supplies to be made up of alternative fuels by 2023

04 June 2020 - 19:06

FRENCH shipping giant CMA CGM has said that it aims to become carbon neutral by 2050 and is targeting for 10 per cent of its energy supplies to be made up of alternative fuels by 2023.

The world's fourth-largest container shipping group, headquartered in the Mediterranean port of Marseille, was citing objectives set out by chairman and chief executive Rodolphe Saade during a United Nations conference.



The French group, privately controlled by the Saade family, said it had already met an initial UN target for the shipping industry to reduce carbon dioxide emissions by 40 per cent in 2030 compared with 2008.



Market leader Maersk in also aiming to reduce its net carbon emissions to zero by 2050, reports Reuters.


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