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New analysis puts a price tag on maritime shipping's decarbonization

from Canadian Shipper

According to a new study, at least $1 trillion of capital investment in land-based and ship-related infrastructure will be required to halve international shipping's greenhouse gas emissions by 2050. A new study by UMAS and the Energy Transitions Commission for the Getting to Zero Coalition spells out the scale of the challenge. Depending on the production method, the cumulative investment needed between 2030 and 2050 to halve shipping's emissions amounts to approximately $1-1.4 trillion, or an average of $50-70 billion annually for 20 years. more


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