OECD COP29 Virtual Pavilion

Financing the transition to net-zero shipping

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

Description

The shipping industry’s efforts to scale up the use of alternative fuels and low/zero-emission technologies and ensure the necessary port infrastructure face significant financing challenges such as high capital costs, diverse practices, and fragmented ownership in some shipping sectors. This session will explore financing solutions to support the maritime sector’s transition to net-zero, focusing on the critical investments needed to accelerate the adoption of innovative technologies, manage ship turnover, retrofit existing fleets, establish refuelling facilities, and build strong market demand for alternative marine fuels. It will discuss innovative financing strategies including adapting mechanisms such as export credits, carbon pricing, and port concessions to meet net-zero objectives, and how government action at various levels can support the net-zero transition while ensuring fair market competition.

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Moderated by

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Speakers

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Find out more  Related resources

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Carbon pricing in shipping

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The OECD COP29 Virtual Pavilion is a contribution toNet Zero+: Building Climate and Economic Resilience

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