Scenario 1: Maritime compliance costs are no longer confined to regional regulation. Based on current policy timelines and market assumptions, the industry’s annual compliance bill could rise from around USD 2.7 billion in 2024 to more than USD 57 billion by 2032, with the IMO framework becoming the largest driver of future cost exposure.
The full storyShipping emissions will soon have a price tag and the cost will eventually be passed on to the charterers. Charterers who start factoring carbon into their commercial shipping decisions will find efficient ways to reduce shipping emissions whilst safeguarding profitability and gaining a competitive edge.
The European Union is playing an important role in shipping decarbonisation. Here’s a quick guide that fills you in on the most important plans and actions.
EU is racing to reach an agreement on the EU ETS directive in time for 2023 – Let’s take a look at what has happened so far.
