According to a study by the University of Manchester, urgent action is needed to target emissions from existing ships in order to deliver on what is dictated by the global Paris Agreement and the IMO 2050 targets. The study urges for greater attention to be put on retrofitting existing ships with green solutions instead of relying on the net-zero ships of the future. The average age of a ship scrapped in 2018 was 28 years, and as such many ships trading today are likely to be sailing the seas in 2030 as well, making it much harder to achieve reduction targets than other modes of transport with a more rapid turn-over of assets. Without action, the study claims that existing ships are expected to emit well over 100% of a Paris-compatible carbon budget, the study said. Access the full study here.