Top executives identify key barriers to shipping's climate efforts

The price difference between new technologies and current fuels is the biggest barrier to lowering shipping's greenhouse gas emissions, believes Alexander Saverys, CEO of Belgian CMB. "Either we find something to bridge that gap or we find a customer that pays for it."

Photo: PR / CMB

A number of barriers stand in the way of solving shipping's climate ambitions and finding alternative fuels and technologies to ensure the industry's climate change mitigation.

If you ask Alexander Saverys, member of the Belgian shipping family Saverys and CEO of the more than 200-year-old organization Compagnie Maritime Belge (CMB), one challenge is bigger than the others. In short, it concerns costs.

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