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.
Sector: Finance
The cost of capital challenge in delivering a just and equitable transition for shipping
To examine the financial barriers to a just and equitable transition to zero-emission fuels in the shipping sector, this report focuses on the cost of capital as a critical determinant of project feasibility. It compares the levelised costs and investment risks of green ammonia (e-ammonia) production across regions, including both developed and developing countries, to illustrate how disparities in capital access affect global competitiveness. Furthermore, it explores policy instruments—such as grants and concessional finance—that can mitigate investment challenges in low-income countries, thereby supporting the IMO’s objective of a fair transition while enabling the widespread adoption of renewable marine fuels.
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.
GHG emissions 2030 in shipping – Analysis of the maximum technical abatement potential
To analyze the greenhouse gas emissions of international shipping based on the fuel life cycle (WtW). The main finding is that global shipping can reduce carbon emissions by half within 10 years with minimal impact on international trade.
According to the report, by 2030, emissions are projected to decrease by 36 to 47 percent compared to 2008 through the use of 5 to 10 percent zero or near-zero fuels, wind assistance technology, and ‘climate optimizing’ of ships.