Study puts cost of decarbonizing shipping by 2050 at ~$1.4-$1.9T; largest investment needed in land-based systems
Green Car Congress
JANUARY 21, 2020
A new study by University Maritime Advisory Services ( UMAS ) and Energy Transitions Commission ( ETC ) prepared for the Global Maritime Forum for the Getting to Zero Coalition, estimates that the cumulative investment needed between 2030 and 2050 to halve shipping’s CO 2 emissions amounts to approximately $1-1.4 trillion—an average of $50 billion to $70 billion annually for 20 years.
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