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Building a Business Case for Green Shipping Corridors

Aymer, Deniz; Contributors; Rehmatulla, Nishatabbas; Baresic, Domagoj; Smith, Tristan; Boyland, Joe; Talalasova, Elena; (2025) Building a Business Case for Green Shipping Corridors. UMAS and UCL Energy Institute: London, UK. Green open access

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Abstract

Green shipping corridors—first mover initiatives that seek to advance high-ambition solutions for zero emission shipping on dedicated trade routes—face significant commercial challenges. In the absence of regulation or direct support from governments, the private sector currently lacks either the ability or appetite to bridge the cost gap. However, this is changing. The EU’s ‘Fitfor55’ package and IMO’s upcoming mid-term measures will mandate and incentivise shipping’s energy transition. Government funding for low emission fuel projects has started to flow and a need for demand-side support has been acknowledged. Across shipping’s sub-sectors, a combination of such measures could crystallise the business case for a green shipping corridor.

Type: Report
Title: Building a Business Case for Green Shipping Corridors
Open access status: An open access version is available from UCL Discovery
Publisher version: https://www.ucl.ac.uk/bartlett/energy/publications...
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources
URI: https://discovery.ucl.ac.uk/id/eprint/10205592
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