Shipping: Carbon Emissions

(asked on 25th September 2020) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what assessment his Department has made of the level of funding that would be required to decarbonise the maritime industry.


Answered by
Robert Courts Portrait
Robert Courts
Solicitor General (Attorney General's Office)
This question was answered on 5th October 2020

The Department for Transport has undertaken extensive research in support of its Clean Maritime Plan to consider the level of investment required for the UK’s domestic maritime sector to achieve net zero by 2050. This research comprises a range of scenarios assessing different policy options, including both costs and benefits, and has been published on Gov.UK

For the global shipping industry, research carried out by UMAS, part of UCL, and published in January 2020, suggests that the total cost to achieve global maritime decarbonisation may be in the region of £1.5 trillion, invested over the next thirty years, with the majority of that investment occurring in the production and supply of alternative fuels.

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