Jun 17, 2026 · 22 min · 11 segments
In this episode Stella Ebbersmeyer discusses with Prof. Jolien Kruit the transition risks and opportunities in the decarbonization of shipping, in the context of our project the Commercial…
Beatriz MartinezHost
Linnea NordlanderHostSo as I mentioned just now before, we have co-authored a paper on climate risks in the context of shipping decarbonization.
And in our paper, we talk about the concept of climate transition risks in the shipping sector.
So just now for the listeners, with climate transition risks in shipping, In our paper, we are referring to the risks that arise from the process of decarbonizing the shipping industry.
So from moving away from fossil fuels towards a low or zero carbon industry.
And we are studying these risks because as shipping is decarbonizing, this transition will affect how ships are operated, how companies plan their investments and how the whole industry adapts.
So from regulations and contracts to broader stakeholders and societal responses.
So in our paper, we emphasize that this is not just a technical change that has physical risks, but it's a system-wide transformation with very wide ranging impacts across the whole industry and also across laws and regulations and society at large.
And what we've also found important to identify in the paper is that these risks are interconnected and dynamic so that they don't occur just one risk next to each other in isolation.
But changes in one area can trigger knock-on effects across the entire system.
And I'm sure Jolien will explain that to us in a little bit in more detail.
But in essence, the concept of climate transition risks helps us to capture the kind of big picture, namely that de- decarbonizing shipping isn't just one single challenge, but it's a more complex web of all interconnected risks that need to be understood holistically, which we aim to do in our paper.
So to break that down in our paper, we have identified five different types of risks, litigation risks, policy, contractual, technological, and also social risks.
So, Jolien, could you perhaps elaborate a little bit on these risks and also explain to the listeners why it's important to look at these risks together rather than separately?
So as I mentioned just now before, we have co-authored a paper on climate risks in the context of shipping decarbonization.
And in our paper, we talk about the concept of climate transition risks in the shipping sector.
So just now for the listeners, with climate transition risks in shipping, In our paper, we are referring to the risks that arise from the process of decarbonizing the shipping industry.
So from moving away from fossil fuels towards a low or zero carbon industry.
And we are studying these risks because as shipping is decarbonizing, this transition will affect how ships are operated, how companies plan their investments and how the whole industry adapts.
So from regulations and contracts to broader stakeholders and societal responses.
So in our paper, we emphasize that this is not just a technical change that has physical risks, but it's a system-wide transformation with very wide ranging impacts across the whole industry and also across laws and regulations and society at large.
And what we've also found important to identify in the paper is that these risks are interconnected and dynamic so that they don't occur just one risk next to each other in isolation.
But changes in one area can trigger knock-on effects across the entire system.
And I'm sure Jolien will explain that to us in a little bit in more detail.
But in essence, the concept of climate transition risks helps us to capture the kind of big picture, namely that de- decarbonizing shipping isn't just one single challenge, but it's a more complex web of all interconnected risks that need to be understood holistically, which we aim to do in our paper.
So to break that down in our paper, we have identified five different types of risks, litigation risks, policy, contractual, technological, and also social risks.
So, Jolien, could you perhaps elaborate a little bit on these risks and also explain to the listeners why it's important to look at these risks together rather than separately?
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