OECD COP29 Virtual Pavilion

Financing the transition to net-zero shipping

OnlineNov 13, 2024 | 12:00 PM - 1:30 PM

FinanceMitigationTransport

Description

This event will explore financing solutions to support the maritime sector’s transition to net-zero. The shipping industry is facing significant financing challenges, such as high capital costs, diverse practices, and fragmented ownership in some shipping sectors, as it aims to scale up the use of alternative fuels and low/zero-emission technologies, along with the necessary port infrastructure. The event will center on the critical investments needed to accelerate the adoption of new technologies, manage ship turnover, retrofit existing fleets, establish refuelling facilities, and build strong market demand for alternative marine fuels. Additionally, it will provide an opportunity to examine innovative financing strategies, including adapting mechanisms like export credits, carbon pricing and port concessions to meet net-zero objectives, and discuss how governmental actions at various levels can support this transition while ensuring fair market competition.

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Find out more  Related resources

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The Potential of E-fuels to Decarbonise Ships and Aircraft

This publication examines the potential of novel fuels to decarbonise aviation and maritime shipping. Fuels like hydrogen, ammonia and synthetic hydrocarbons can be produced from renewable sources.
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Carbon pricing in shipping

This report reviews the effectiveness of carbon pricing, how it might be applied to the shipping sector and with what effects. It also evaluates recent proposals by countries to introduce a price on shipping’s carbon emissions and examines related policy issues. 
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