EMISSIONS: Green Shipping Corridors Progress Stalls on Lack of Policy Support
Feb-20 16:42
Green shipping corridors progress has been stalling due to a lack of support to lower costs for green fuels, according to the report published by UMAS, UCL and the Global Maritime Forum.
- Policies such as EU ETS, IMO’s Global Fuel Standard (GFS), and the US’s IRA are critical in to achieve progress.
- However, initiatives are falling short of bridging the gap between the costs of green fuels and fossil fuels to meet compliance targets and to progress with the corridors.
- So far, 62 green shipping corridors have been announced.
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EGBS: Natural Gas Rally Helping To Cap Upside In EGBs
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The continued extension higher in natural gas prices will also be helping to cap rallies in EGBs, with TTF futures reaching E50/Mwh for the first time since Jan 3.
- Our commodities team notes that the rally is supported by high gas storage withdrawals and concern to low winter stocks, as the IEA forecast a tight market in 2025 despite rising LNG supply.
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