Climate Change and Richard Quest

toft: This is a call for action, Maersk Chief Operating Officer Soren Toft told CNN's Richard Quest on Tuesday, describing climate change as one of the most significant issues facing the planet, according to CNN. The shipping industry will need to find new technologies, new innovative ways of basically providing the future efficient ships, Toft said. Maersk AMKBY which is based in Denmark, said it's aiming to become carbon neutral by 2050 and is urging other shipping companies to do the same and help it develop the technology for a new generation of vessels. These ships are not available today, and that's why we are reaching out. In April, the IMO pledged to reduce the industry's annual emissions by at least half by 2050. Shell is first energy company to link executive pay and carbon emissions The shipping industry burns huge quantities of heavy fuel oil and is estimated to account for roughly 2% to 3% of global greenhouse gas emissions, according to the International Maritime Organization IMO . Read More That compares to roughly 3% generated by international aviation and 11% by agriculture, according to 2014 data from the European Environment Agency. (news.financializer.com). As reported in the news.