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Existing ships and those on order would produce twice the emissions required under a 1.5°C-aligned carbon budget

A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter GHG regulations, due for adoption at IMO this year, in combination with the ongoing global transition to a low-carbon energy system. The report finds the shipping sector faces substantial …