UK Chamber of Shipping chief executive Rhett Hatcher admits that the net-zero investment plan for this year may seem large, but pales in comparison to what the eventual total will be.
The chamber has urged the new UK government to spend £700m ($915m) over the next 12 months to help decarbonise the sector.
“It’s a big number and a lot of money, but it’s almost a drop in the ocean compared to the total that we are going to have to spend on this journey [to net zero].
