New study explores incentives for low-emission shipping fuels
Decarbonising international shipping will ultimately depend on the transition to low- and zero-emission fuels, but the higher cost of these alternatives remains a major barrier to adoption, according to new analysis from the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS).
The paper, “Incentivizing low-emissions fuels: policy options and trade-offs,” highlights that while targeted financial support could help bridge the cost gap between alternative fuels and conventional fossil fuels, the design of such incentives will determine whether they deliver immediate emissions reductions or help establish a scalable future low-emission fuel market.
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