The Business Magazine - Shipping industry reduces carbon emissions with Wiltshire based space technology

By Nicky Godding - The Business Magazine

A UK start-up based in Devizes, Wiltshire is using satellite data to develop technology that will help the shipping industry reduce its CO2 emissions.

Around 90 per cent of everything we consume is moved by sea, and as world trade continues to grow, there is an increasing number of ships crossing our oceans, each using vast amounts of energy.

The shipping industry is responsible for around 940 million tonnes of CO2 annually, which is at least 2.5 per cent of the world’s total CO2 emissions.

The International Maritime Organszation has set a target for it to cut these emissions by half by 2050.