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International shipping can achieve 95%+ reductions in well-to-wake GHG emissions by 2050 with policy support, report shows

Report from ERM, UMAS and UCL shows that international shipping can achieve 95%+ reductions in well-to-wake GHG emissions by 2050 with policy support

2 days ago

Post-mortem on IMO’s Net Zero Framework discussions: UCL readout

UCL provides a detailed analysis of what happened and the implications on future adoption of the policy on mid-term measures for reducing GHG emissions.

Oct 24

New study reveals Korean and Chinese financiers and major European banks could be most exposed to climate risks in shipping

Korean and Chinese financiers have over half of their portfolio tied to oil and gas carriers most at risk of becoming stranded assets from shifts to a global low-carbon energy system. European banks follow closely, with Standard Chartered, ABN AMRO, ING Bank, SEB and Nordea each having over one-third of their portfolios tied to fossil fuel shipping.

Oct 20

Adoption of the IMO NZF delayed. Regional, national and corporate actors action urged to fill the gap

Many IMO member states reverse their support for policy action, pushing IMO’s adoption of regulation back by at least a year.

Oct 17

USD 48 billion at risk of being written off as gas tanker orders soar by 300% in five years, new research shows

The research by UCL and Kuehne Climate Centre, now available as a new interactive tool, reveals concentration of risk in top ship-owning...

Sep 22

2030 shipping goal at risk despite historic IMO agreement: New report

Shipping industry welcomed a major breakthrough with global agreement on the International Maritime Organization’s Net Zero Framework,...

Sep 16

Targeted distribution of revenues from shipping emissions pricing could help reduce global inequality

New research shows strategic distribution of revenues is essential to help vulnerable countries tackle dual burden of climate impacts and...

Sep 10

New report highlights the important role of voluntary insetting in accelerating shipping's energy transition, with caveats

London – 17.07.25 – New analysis by UCL Energy Institute, with the assistance of UMAS, analysing voluntary insetting schemes in the...

Jul 17

New analysis is a wakeup call for shipping industry’s leaders to get serious on voluntary climate standards, as time is running out

Analysis by UCL shows improvement in voluntary standard initiatives, but that current initiatives still fall short in relation to...

Jun 11

IMO’s Net Zero Framework sends a clear signal to shipowners to order ammonia dual fuel ships, but remaining uncertainties undermine early investment in e-fuels

Comprehensive study of IMO's Net Zero Framework shows ammonia offers optimal balance of mid-term competitiveness and flexibility for...

May 28

Phase-out of fossil fuels in shipping begins in earnest: IMO measures unlikely to reach GHG reduction targets, but close the LNG business case and send clear long run signal for hydrogen-derived fuels

Fossil fuels set to be the minority of energy used in international shipping by 2040. But more work remains in setting guidelines and in...

Apr 11

New report assesses economic impact of IMO’s candidate GHG reduction measures on Nigeria’s shipping and trade

London, UK – 07.04.2025 – A comprehensive new report titled, "Impact Assessment of the IMO basket of candidate mid-term GHG reduction...

Apr 7

The uncertainty and instability created by a credit-trading policy architecture favours states with strong industrial policy

Analysis shows that cheapest, and most equitable energy transition is brought about by a high levy price (of 100-150 USD/tCO2e), combined...

Mar 26

Renewable energy-rich developing nations priced out of shipping’s $1.6 trillion energy transition opportunity

London, 20 March 2025 - A new study released today by UMAS and UCL Energy Institute Shipping and Oceans Research Group shows that poor...

Mar 19

Effectively promoting the energy transition and contributing to a just and equitable transition - further analysis

The IMO’s debates are considering modelling architectures, and what parameters might achieve in terms of: GHG reductions Promotion of the...

Mar 19

Support grows for the GHG levy, as more countries see it as a viable measure to meet climate and equity goals of the IMO

Analysis of the participation at the meeting shows that 66% of the MARPOL signatories now support the levy, including countries from...

Feb 21

New report shows that Green Shipping Corridors will need additional support under a global fuel standard

Report from UMAS, UCL and GMF illustrates how green shipping corridors could benefit from a global fuel standard and regional policies,...

Feb 19

New analysis highlights trade-offs between a levy and a fuel standard, and the need to balance short-term with long-term gains for African nations

A high carbon price in the form of a levy can have significant medium-term costs but stabilises as technology advances and redistribution...

Feb 18

New analysis shows a shifting landscape with strong support for a carbon price to reduce GHG emissions from shipping

A high carbon price in the form of a levy with out-of-sector revenue distribution is also needed to mitigate food security implications...

Feb 12

New study shows that only targeted subsidy for e-fuels, coupled with a GHG levy, would ensure e-fuel early adoption

A high GHG price in combination with targeted e-fuel subsidies are the key policy components that can close the competitiveness gap...

Jan 29