UN Has Mandated Shipping To Reduce Carbon Intensity By 40% By 2030 & 70% By 2050

The UN has mandated shipping to reduce carbon intensity by 40% by 2030 and 70% by 2050, says Hal Malone. He discusses the outlook for the global shipping industry. He notes that it takes two years to build a new ship, but some of the sustainable shipping technology can be retrofitted on existing cargo ships. He then analyzes the ETFMG BreakWave Sea Decarbonization Tech ETF (BSEA). He goes over how BSEA provides investors exposure to companies developing "green" tech powering the global shipping industry. Finally, he mentions how to find shipping companies involved in cleaner propulsion. Tune in to find out more about the stock market today.