Seaborne transportation of CO₂ lies in the hands of the politicians
Why understanding and monitoring political aspects is crucial for CCS projects
It’s not possible to think about shipping and trading in isolation from the political world. From international wars to trade wars, embargoes and sanctions to cabotage, there are a number of ways in which political developments can influence business activity, with the resulting impact often extensive and long-lasting.
Looking as far back as 1849 with the repeal of Britain’s Navigation Acts, we can see that government policy towards maritime activity has long-favoured free trade, driven by purely commercial considerations. Set against this backdrop, the anticipated growth in seaborne transportation of liquefied CO₂ stands out as a radical departure from the well-established business mode we currently have...
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