Climate change is posing serious financial challenges to the shipping industry, which is naturally volatile and in constant search of stable sources of investment.
The sector has always been aware of this onus but it wasn’t until recently that researchers put a price tag on it, estimating the scale of investment needed for decarbonisation would be between $1trn and $1.4trn.
To be raised between 2030 and 2050, the figure comes from a new report co-authored by the University Maritime Advisory...
https://www.ship-technology.com/features/cost-of-decarbonising-shipping/