Report: Targeted Subsidies, Hefty GHG Levy Needed to Ensure E-Fuel Adoption

A new report looking at what will be needed to spur the transition to e-fuels and the early adoption in the maritime sector concludes that targeted subsidies and a hefty GHG levy are needed to close the gap between scalable zero-emission fuels and other compliance options. The analysis was timed to the International Maritime Organization’s upcoming negotiations ahead of the Maritime Environment Protection Committee (MEPC) meeting this summer to adopt the second phase of the strategy for the decarbonization of the shipping industry.

“The path the sector is on now requires urgent and drastic correction from both commercial and policy actions to avoid significant risks to the sector and global trade,” warns the report presented by the UCL Energy Institute and maritime consultancy UMAS.  “Without maximum eff…