To compile and assess economic studies that explore the costs, investment needs, and policy measures required for the decarbonization of the maritime sector in the Caribbean region, with a particular focus on small island developing states (SIDS), in order to support a just and effective transition aligned with global climate goals.
Fuel Type: Others
Supply-side and demand-side stranded asset risks in shipping
To provides an overview of the supply-side and demand-side risks of stranded assets in the shipping industry as it transitions towards decarbonization.
To quantify the scale of these risks, particularly for fossil fuel-dependent vessels, and to provide insights for industry stakeholders on mitigating financial and operational impacts.
Evaluating the Carbon Intensity Indicator (CII): Challenges and Recommendations for Improvements
To highlight the need for the improvement of the International Maritime Organization’s (IMO) Carbon Intensity Indicator (CII) regulations based on a thorough review of current issues and literature. The study examines key challenges through online surveys and interviews with Belgian shipping companies, identifying and ranking the most urgent areas for improvement. The goal is to provide policy recommendations for stakeholders based on the identified priorities.
Policy Options to Decarbonize Ocean-Going Vessels
To identify policy recommendations for reducing greenhouse gas emissions from ships, addressing both international and local policy frameworks, with the aim of evaluating policy options for decarbonizing ocean-going vessels.
Net zero and UK shipping
To examine the UK Government’s approach and progress towards decarbonizing the shipping sector, including international and domestic shipping, to meet net-zero emission goals, and to recommend necessary steps to ensure that the maritime sector of the UK will contribute to global emissions reductions
2023 Maersk Sustainability Report
To introduce the ESG strategy and goal achievement plans pursued by Maersk, the world’s second-largest shipping company.
Marginal abatement cost curves for CO2 emission reduction from shipping to 2050
To present the most detailed marginal abatement cost curves (MACCs) for CO2 emission reduction in the global shipping fleet from 2025 to 2050.
To evaluate the costs and CO2 reduction potential of over 50 measures and various fuel systems, providing insights into achieving decarbonization goals in line with global regulatory strategies.
2024 EPS ESG Report
To demonstrate the ESP’s commitment to environmental stewardship, social responsibility, and governance practices, and to highlight various initiatives and achievements in reducing carbon emissions and promoting sustainable practices.
Onboard Carbon Capture – An overview of technologies to capture CO2 on board ships
To emphasize the necessity of applying onboard carbon capture and storage (OCCS) technology based on international maritime decarbonization regulatory trends, the current status of technology development, regional policy trends, and commercialization improvement challenges are introduced. In particular, the practical issues that need to be addressed and the corresponding level of technology required for the application of OCCS technology on ships are demonstrated through case studies.
The Poseidon Principles: 2023 Annual Disclosure Report
The Poseidon Principles, embraced by 80% of global ship finance, have aligned with the IMO’s net-zero emissions ambition by 2050, reflecting a commitment to climate action and transparency in maritime lending decisions. Despite industry challenges, such as port congestion and personnel shortages, the principles have shown significant progress in decarbonization efforts, with a +95.4% reporting percentage indicating growing industry recognition of the importance of transparency and collaboration in achieving sustainability goals. The publication of the 2023 Annual Disclosure Report highlights the shipping finance sector’s leadership in fostering a more sustainable future for the maritime industry.