Sustainable shipping fuels can reach cost parity with fossil fuels by 2035, according to Wärstilä report
Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy, according to a new report by Wärstilä.
The analysis revealed that the EU Emissions Trading Scheme (ETS) and FuelEU Maritime initiative (FEUMI) will see the cost of fossil fuels more than double by 2030.
By 2035, they will close the price gap between fossil fuels and sustainable fuels for the very first time according to the report.
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