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| Image by Cyprien Hauser via Flickr (CC BY-ND) |
The global shipping industry is entering a new era of financial pressure as carbon pricing frameworks expand worldwide. Analysts estimate that the inclusion of maritime transport in emissions trading systems could add more than $6 billion in costs as early as 2025, escalating toward $50 billion annually by the 2030s.
This surge will be driven by overlapping regional and international climate regulations. Europe’s Emissions Trading System (ETS), the UK ETS, and the forthcoming FuelEU Maritime initiative are expected to coincide with the International Maritime Organization’s (IMO) new Greenhouse Gas Fuel Intensity (GFI) rule. Together, these measures will impose multiple layers of carbon compliance obligations on ship operators.