A research paper from the UCL Energy Institute explores the role ship financiers can play in the shipping industry's transition to zero-emission fuels. The study categorizes financiers into different roles, with most expressing an ambition to support incumbent shipowners in the transition. However, the research highlights potential risks, including technology lock-in and stranded assets, as financiers place the responsibility of the energy transition on shipowners. The paper suggests that while financiers are aware of the transition, there is limited awareness of the need for reducing fossil fuel cargo transportation. The study also identifies a second type of financier, the "Redirecting Enabler," and emphasizes the importance of more stringent climate policies to drive the industry's transition effectively.

SOURCE: GOOGLE