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Sustainability Risk and Compliance Regulation

$300bn a year in NZF costs? Really?

  • Worst-case scenario estimate by petrostates assumes zero fuel switching by ships
  • Critics’ estimates of the cost to shipping are far higher than most scenarios
  • Maersk’s non-profit decarbonisation centre estimates NZF would roughly double fuel costs over 25 years, not overnight

  • Analysis

Opponents of the IMO Net-Zero Framework have claimed it could cost international shipping $300bn by 2035. But the claim doesn’t stand up to scrutiny

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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