Green shipping premium raises cost questions
Pace of transition to clean fuels will depend on stakeholders’ readiness to pay green premium, conference speakers say
Green shipping will not be cheap, and its higher cost is likely to be borne by end-consumers and cargo owners, raising questions about a potential uneven level of interest in decarbonised shipping among stakeholders. Shipping is less intensive than other freight transport modes in terms of CO₂/km, making up about 3pc of total global CO₂ emissions. But this share is likely to increase as demand for shipping rises in line with global economic growth over the coming decades and as other sectors decarbonise. Shipping emissions could rise by as much as 50pc by 2050 if the industry takes no action, according to the International Maritime Organization. This has led to growing interest in low- or ze
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence