The International Maritime Organisation’s (IMO) new policy measures are ambitious enough to drive a transition to scalable zero-emission fuels but will ultimately only succeed if they include meaningful rewards and, over time, higher penalties for non-compliance, a new insight brief from the Getting to Zero Coalition and the Global Maritime Forum found.
The brief, ‘IMO’s policy measures: What’s next for shipping’s fuel transition?’ , uses total cost of ownership (TCO) modelling by UMAS and UCL and more than 30 stakeholder interviews to analyze the sector’s capital investment and operational options following the IMO’s adoption of global fuel intensity (GFI) factors and penalties for non-compliance.
