? Important new research on the International Maritime Organization and funding the maritime transition. The high cost of capital in developing countries, despite high quality renewable resources, means investment for #eFuels will disproportionately flow to developed countries, UCL Energy Institute, UCL Shipping and Oceans Research Group and UMAS show. ? This will stymy the global maritime transition for everyone. The EU's maritime transition depends on global uptake of green solutions including e-fuels. Equitably offsetting these imbalances is in everyone's interest, developed countries', developing countries', and the industry's alike. ?? ???? To ensure global e-fuel investment, the EU must push for an ambitious levy on shipping GHG emissions at the upcoming IMO #MEPC83 to maximise revenues that can drive the global maritime transition and support its own industry. Tristan Smith | Deniz Aymer, CFA | #GreenHydrogen
Renewable energy-rich developing nations priced out of shipping’s $1.6 trillion energy transition opportunity. New study by Deniz Aymer, CFA UMAS and Tristan Smith UCL Energy Institute Shipping and Oceans Research Group shows that poor access to funding and higher costs of capital in developing countries could almost double the prices of e-fuels they produce, compared to developed economies—even when renewable energy resources such as onshore wind and solar are superior. What can be done to address this and what can the IMO do? find out more in the full report: https://lnkd.in/eNbQSreX