Tag: analysis
OceanScore analysis shows near-tripling of EU ETS costs due to Red Sea crisis
Persistent missile attacks by Houthi rebels on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the EU ETS as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption, according to OceanScore. An increasing number of commercial ships have been taking the alternative route to Europe via…
GHG targets from a multilateral decision-making process come close to science derived targets, new analysis shows
In a rare occurrence in the challenging politics of climate change, the IMO’s Revised GHG Strategy, adopted at MEPC 80 in July, represents a significant leap forward in ambition. New analysis by UMAS shows the IMO’s targets correspond to a path between 1.55oC and 1.6oC according to the GHG budget defined by the IPCC. The…
