When the International Maritime Organisation announced plans to significantly reduce the amount of sulfur ships were allowed to emit, the industry adjusted relatively quickly. After all, it was all about the fuel. Now, the EU has set its sights on adding shipping to its Emissions Trading System. Meanwhile, a new kind of ship may be coming to the oceans of the world: zero-emission ships. According to the European Commission, the shipping industry generates some 2.5 percent of the world’s greenhouse gas emissions or 940 million tons of carbon dioxide annually. As such, it is a ripe target for more emission regulation, especially as it falls in the category of hard-to-decarbonize industries. Alternatives to vessels fueled by diesel or liquefied natural gas have only had limited success so far, which means that for the observable future, shipping will continue to rely on fossil fuels. The EU first unveiled plans to […]