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Bertrand Chen Predicts Inflation from Shipping Decarbonization

Marine Transport | Biofuels | Key Decarbonization Strategies

  • Starting January 2024, the EU's Emissions Trading System (ETS) will apply to the shipping industry, taxing ships for their carbon emissions.
  • Bertrand Chen, CEO of the Global Shipping Business Network, emphasized at the East Tech West conference that decarbonizing shipping will inevitably raise costs, leading to higher consumer prices.
  • The industry is exploring alternative fuels like green methanol and utilizing blockchain for transparency to prove decarbonization efforts and prevent greenwashing.
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Decarb Avenues

  • Biofuels
  • CO2 Capture & Storage
  • Corporate Carbon Management
  • Low Carbon Marine Transport

Drivers

  • Government Policies
  • Big Industry Trends
  • Key Decarbonization Strategies

Stakeholders

  • Corporate Leaders
  • Investors
  • Government Officials