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The IMO will be under strong political pressure to develop an international carbon pricing mechanism and we are sure this will take time to develop and agree upon. There is a high chance that an EU system will be in place before this.
Use of fossil fuels as we know it won’t be part of the long-term strategy for many shipowners and the use of LNG (lower CO2 emissions) and biofuels may play a part especially in the transitional stage. Many other forms of alternative fuels and energy sources as listed above will contribute to the required reduction in carbon emissions.
There will be extra focus on vessel design to meet longer term targets and more than ever trading patterns, areas of operation and available infrastructure will contribute towards this.
This expertise area will be updated as more information becomes available to guide and assist ship-owners in this period of change.
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IMO’s carbon reductions push power limits down
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Biofuels Enter the Sustainable Fuel Mix
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IMO Takes First Steps to Decarbonise Shipping
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A Low-carbon Future – is the Answer Blowin’ in the Wind?
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