Report from UMAS, UCL and GMF illustrates how green shipping corridors could benefit from a global fuel standard and regional policies, but that additional support would be needed to drive early adoption
Fuel/Energy Type: All
New analysis highlights trade-offs between a levy and a fuel standard, and the need to balance short-term with long-term gains for African nations
A high carbon price in the form of a levy can have significant medium-term costs but stabilises as technology advances and redistribution of revenues offset the economic impacts, versus a fuel standard which minimises costs in the short-term but leads to increased costs in the long run.
Clean Industrial Deal: Time for urgent action to support industry competitiveness and energy transition
European Shipowners strongly welcome the recognition of shipping under the five sectors across which the Clean Industrial Deal should be implemented
EU plans to boost green aviation and shipping fuels, but sends worrying signal on 2040 climate goal
T&E reaction to EU Clean Industrial Deal, Action Plan for Affordable Energy, and Omnibus proposal.
EU’s new clean deal lacks funds for a clean fuel supply chain
The European Commission’s long-awaited Clean Industrial Deal (CID) is about to be released, yet a leaked draft of the strategy has already circulated, leaving many – incluing the shipping sector – with questions on who will pay for the green transition the region should go through.
US$2Tn in funding needed for green fuel production by 2050
Up to US$2Tn of investment is needed to enable marine fuel producers to manufacture enough green fuel for the shipping industry to meet IMO decarbonisation targets by 2050.
Case for engine retrofits clouded by lack of green fuels
Failure to scale up suitable quantities of well-priced green fuels has blunted a projected rush to retrofit ships with cleaner engines, a delay that will potentially bring a bottleneck at repair yards further down the line, according to a new study from Lloyd’s Register (LR).
Recommendations to accelerate the production of green fuels
Danish Shipping has launched its recommendations following a summit in Copenhagen attended by representatives from shipping companies, fuel producers, authorities, the Minister for Industry, Business and Financial Affairs, and others.