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 storyAt today's rate a fully implemented EU Emissions Trading System would add a carbon cost of more than USD 70 000 per round voyage for a commonly traded intra-EU route. The EU carbon price is increasing, and we give you an overview of the costs that the introduction of the system could bring to two commonly traded shipping routes.
Will the IMO change its course towards net zero shipping and lead shipping decarbonisation or will others be forced to take up the challenge? We give you the agenda of the MEPC77 meeting and keep you up to date on the outcomes.
Collaborating to get shipping to net zero emissions by 2050 seems to be the COP26 shipping chant. The COP26-spotlight has brought stakeholders from the full shipping ecosystem to the table and both governments, finance industry and shipping customers are calling for collaboration and raised decarbonisation ambitions. Now, it remains to be seen if the COP26 wind is strong enough to get the IMO to adjust its sails.
