Study: Green Corridors Will Need Subsidy Support to Get Started

The IMO’s planned global fuel standard for low-carbon energy will not be enough to underwrite the growth of the most ambitious “green corridors,” the designated A-to-B routes intended as incubators for decarbonized propulsion, according to a new study from UMAS, Global Maritime Forum and UCL. Even when combined with regional programs like the EU Emissions Trading System (ETS), “compliance-driven green shipping corridors are unlikely to form” because of the high cost of new e-fuels – unles…