Zero-emission vessels could cost Chinese shipyards up to $444 billion over 2025-2050

This paper aims to quantify the additional cost of building ZEVs (zero-emission vessels) in China and describe how revenue from carbon pricing mechanisms could be used to pay for it. Specifically, the report estimates the incremental capital expenditure for ZEV shipbuilding compared with fossil-fueled ships and relate that to international proposals for carbon pricing for the maritime shipping sector.