MCKINSEY

Shipping ’ s bid to become net zero by 2050 would be significantly boosted by the introduction of green shipping lanes , according to a new report from McKinsey .

The shipping sector accounts for an estimated 80 % of all trade , and about 3 % of total carbon emissions , which - unchecked - could rise by as much as half again by 2050 .

The report - called The next wave : Green corridors - was produced by The Getting to Zero Coalition , a partnership between the Global Maritime Forum , the Friends of Ocean action , and the World Economic Forum . Analytical support was provided by McKinsey .

The report says one way to accelerate decarbonisation is to introduce ‘ green corridors ’ - specific trade routes between major port hubs where zero-emission solutions are supported .

Green corridors , says the report , would allow policy makers to create an “ enabling ecosystem with targeted regulatory measures , financial incentives , and safety regulations .”

The report includes a “ pre-feasibility ” study on two routes that it says have potential to become green corridors : the Australia-Japan iron ore route and the Asia-Europe container ship route .

� MORRISONS Angela Johnson , supply chain manager at Morrisons , received an MBE ( Member of the British Empire ) medal for services to the food supply chain in the New Year Honours List .

� TESLA Tesla defied the supply chain problems affecting much of the automotive industry , to deliver a record number of vehicles in Q4 2021 . The e-vehicle manufacturer produced 305,840 vehicles and delivered 308,600 , beating a record it set in the third quarter .

� GENERAL MOTORS For the past 23 years General Motors has been the top-selling US automaker . But no longer - Toyota has risen to the position , but it was close . Toyota sold 688,813 vehicles during the second quarter 2021 , topping GM ’ s sales of 688,236 vehicles . GM was pipped by a mere 577 vehicles .

� US POULTRY SUPPLIERS Winter tornados cut a 200-mile swathe of death and destruction through the south-east of the US . Worse hit was Kentucky , where poultry is the state ’ s top agricultural commodity .

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