Shipping decarbonization booster: new IMO policy to potentially accelerate emissions reduction in maritime

Low-Carbon-Fuel

This April, the IMO agreed on ambitious GHG reduction targets of 8-21% by 2030 and 30-63% by 2035, exceeding those of FuelEU Maritime. Reaching the lower end of the range depends on availability of fuels with an abatement cost <$380/t CO2, in addition to other adoption drivers, e.g., bunkering infra, ship propulsion tech, etc. IMO policy is expected to initially […]

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