New report says biofuel is most cost-effective climate option for shipowners

Using biofuel is the most cost-effective way for shipowners to reach their target of cutting CO2 emissions in half by 2050, concludes a new report from Lloyd's Register and a consultancy firm.

How are shipping companies going to reduce their total CO2 emissions by 50 percent ahead of 2050?

Stakeholders throughout the sector are currently debating this issue after the IMO adopted a climate strategy for shipping CO2 emissions reductions earlier this spring.

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