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New Maritime Decarbonization Regulations: Background & Market Effects (Part 1)

Year: 2025

Type: article

Abstract: New United Nations’ International Maritime Organization (IMO) regulations require existing maritime vessels to meet a minimum energy efficiency design standard, while also requiring that larger vessels be graded on their carbon intensity (beginning in 2024). In response, ocean carriers are modifying their fleets, with compliance costs expected to increase total maritime logistics costs and alter freight rates and have a small but negative impact on total global trade and a minimal impact on GDP. This EBOT is the first in a series that examines the market impacts of a new wave of global maritime decarbonization initiatives.

Source: Staff Working Papers: U.S. International Trade Commission

DOI: 10.71476/g8z1-c992

Author: Telles, Rudy

Institution: United States International Trade Commission

Language: English

Topic: Maritime Transport Emissions and Efficiency

Subfield: Environmental Engineering

Field: Environmental Science

Domain: Physical Sciences

SDGs: Climate action, Life below water

Open Access status: green

OpenAlex ID: W6977760765

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