Jobs at stake in march to zero-carbon shipping
If the local maritime industry fails to adjust to the changing global landscape, jobs could be lost and products could become more expensive, according to economists. Last week, in a BBC report, major firms Amazon, Ikea and Unilever pledged to support zero-carbon shipping by 2040. They intend to only ship goods through shipping lines that use zero-carbon fuel in two decades. Former Dean of the University of the Philippines School of Economics Ramon L. Clarete said changes that could lead to greater trade costs could impact jobs, such as those of seafarers, and the cost of goods. “Seafarers are employees of international shipping companies. The latter will have to adjust. If they can, seafarers would have to retrain themselves based on how shipping firms adjust,” Clarete told this newspaper.
Read the full article at: businessmirror.com.ph
