Shipping: Exhaust Emissions

Department for Transport written question – answered on 17th September 2020.

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Photo of Wes Streeting Wes Streeting Shadow Exchequer Secretary (Treasury)

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

Photo of Robert Courts Robert Courts Parliamentary Under-Secretary (Department for Transport)

The Department has undertaken extensive research 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 at https://www.gov.uk/government/publications/clean-maritime-plan-maritime-2050-environment-route-map

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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