Existing ships and those on order would produce twice the emissions required under a 1.5°C-aligned carbon budget
A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter GHG regulations, due for adoption at IMO this year, in combination with the ongoing global transition to a low-carbon energy system. The report finds the shipping sector faces substantial supply-side risks linked to carbon-intensive vessels becoming obsolete and demand-side risks linked to decreased fossil fuel demand. All investors will need to actively address these risks through strategic investment choices, energy efficiency measures, and proactive ...
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