Climate Impact
Unlike other industries, there is no silver-bullet technology that provides zero-carbon transportation. Cost-efficient and reliable propulsion technologies need to be developed to gain climate impact.
Global climate resilience can only be achieved if all parties work together. But the transformation speed for the sector so far is slow due to the lifetime of transport assets such as maritime vessels, aircrafts, or related fueling infrastructure.
Climate Costs
Climate costs
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Extended scopes of carbon price schemes
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The projected fair price for CO2 is above 180€/ton
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To offset freight emissions by reforestation requires landmass in size of Brazil
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Annual costs of 574bn€ by 2030 to stay in the 1.5°C trajectory
Regulations
Regulation
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Limited access for emission-intense vessels and vehicles for ports, cities and coastal areas
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Environmental protection zones by the IMO and national governments
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High penalties for manufactures for non-compliance with climate goals
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Importance of reporting standards for climate impact
Economic risks
Economic risk
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Indirect economic effects bigger than direct carbon pricing
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Changing asset depreciation of carbon intense vessels, vehicles and transport infrastructure
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Accruals for disaster control (e.g. sea level rise)
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Increasing cost of capital due to public awareness and investor's risk policies