A new study from UCL’s Energy Institute Shipping and Oceans Research Group evaluates the economic risks to the maritime industry from potential stranded assets as a result of impending stricter greenhouse gas (GHG) regulations.
These regulations are expected to be adopted by the International Maritime Organization (IMO) this year amidst a global shift towards a low-carbon energy framework. According to the study, over 40% of the global fleet transports fossil fuels, with the vast majority powered by them as well.
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Developments on Shipping Industry’s Energy Transition
