UCL: Over a third of world fleet needs to embrace zero-emission tech or face ‘premature scrapping’

A rapid transition could lead to "premature scrapping" of over a third of the fleet, valued at over $400 billion, unless they undergo costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows. The post UCL: Over a third of world fleet needs to embrace zero-emission tech or face ‘premature scrapping’ appeared first on Offshore Energy.

Jan 27, 2025 - 19:30
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UCL: Over a third of world fleet needs to embrace zero-emission tech or face ‘premature scrapping’

A rapid transition could lead to "premature scrapping" of over a third of the fleet, valued at over $400 billion, unless they undergo costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows.

The post UCL: Over a third of world fleet needs to embrace zero-emission tech or face ‘premature scrapping’ appeared first on Offshore Energy.

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