Classification society ABS has published new research which explores ‘the potential for carbon markets and pricing to reshape global shipping’.
Insights on shipping decarbonisation
The analysis is set out in the newly-published fourth edition of the ABS Setting the Course to Low Carbon Shipping series, which also provides insights on the shipping industry’s progress to low- and zero-carbon operations.
In a statement, Christopher J. Wiernicki, ABS Chairman, President and CEO, said: ‘We are in the early innings of a decade of change for our industry and this latest outlook shows just how extensive and rapid that change is going to have to be if we are to meet 2050 objectives.’
He added, ‘We will need both hydrogen and carbon value chains to mature and scale up rapidly and, as this report also makes clear, shipping, in all its forms, is going to be a critical enabler of that transition. Now, we need governments to step in with policies to accelerate development of low-carbon solutions and secure the proper infrastructure for their distribution.’
Setting the Course to Low Carbon Shipping: Zero Carbon Outlook is available for download here.
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Source: MarineLink
