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Wed, May

Research shows that climate risks in shipping are more than they seem

Research shows that climate risks in shipping are more than they seem

Green Energy

Researchers have published a new article presenting a structured and holistic analysis of key climate-related transition risks facing the global

Researchers have published a new article presenting a structured and holistic analysis of key climate-related transition risks facing the global shipping industry.

The analysis of climate transition risks in the shipping sector highlights that the industry is facing far more than isolated operational or regulatory challenges. Instead, in the “Climate risks in shipping” article, researchers describe a tightly interconnected system of risks spanning legal, technological, contractual, regulatory, and social domains, each influencing the others in ways that can amplify or complicate the global shift toward decarbonization.

The research was conducted by scholars affiliated with the Erasmus Centre for Urban, Port and Transport Economics and the Erasmus School of Law in Rotterdam, the Centre for Climate Change Law and Governance (CLIMA) at the University of Copenhagen, Van Traa Advocaten in the Netherlands, the CMI IWG on Maritime Decarbonisation in Antwerp, and the University College London (UCL) Energy Institute in London.
Policy and technology changes create cascading effects

The study shows that changes in policy often trigger a chain reaction across the maritime industry. New environmental regulations can force rapid technological upgrades in vessels and infrastructure, which in turn may lead to disputes over contracts, liability questions, and broader legal exposure.

At the same time, growing public and stakeholder pressure for climate action is increasingly shaping regulatory agendas, adding further complexity to compliance requirements and litigation risks.

Need for integrated risk management approaches

Researchers emphasize that these cascading effects mean risks cannot be effectively managed in isolation. A legal-focused approach alone or a purely technological response is unlikely to capture the full scope of challenges.

Instead, the findings point to the need for a more integrated strategy that accounts for how developments in one area can rapidly ripple through others.

climate risks in shipping
Interconnectedness of climate risks for the shipping industry/Credit: Climate risks in shipping article
Climate risks are dynamic and evolving

The analysis also underscores that these risks are not static. They evolve as the industry transitions toward lower emissions, with interactions between different risk categories sometimes accelerating decarbonization efforts, while in other cases slowing them down due to uncertainty or operational friction. This dynamic nature makes forward-looking and adaptable risk management essential.

As global shipping continues its transition toward decarbonization, the report concludes that recognizing and prioritizing these interconnected risks will be critical to ensuring maritime operations remain efficient, resilient, and sustainable in the long term.

Research shows that climate risks in shipping are more than they seemResearch shows that climate risks in shipping are more than they seem
Research shows that climate risks in shipping are more than they seemResearch shows that climate risks in shipping are more than they seem

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