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New report says biofuel is most cost-effective climate option for shipowners

Using biofuel is the most cost-effective way for shipowners to reach their target of cutting CO2 emissions in half by 2050, concludes a new report from Lloyd's Register and a consultancy firm.

Photo: /ritzau/Marius Nyheim
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How are shipping companies going to reduce their total CO2 emissions by 50 percent ahead of 2050?

Stakeholders throughout the sector are currently debating this issue after the IMO adopted a climate strategy for shipping CO2 emissions reductions earlier this spring.

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