A newly released study by UMAS and the Energy Transitions Commission for the Getting to Zero Coalition shows that at least USD 1 trillion of capital investment in land-based and ship-related infrastructure is required reduce greenhouse gas emissions by 50 percent by 2050. The transition will require significant infrastructure investments in new fuel production, supply chains, and new or retrofitted fleets. The analysis also shows that the biggest share of investments is needed in the land-based infrastructure and production facilities for low carbon fuels, which make up around 87 percent of the total. This includes investments in the production of low carbon fuels, and the land-based storage and bunkering infrastructure needed for their supply. Only 13 percent of the investments needed are related to the ships themselves. These investments include the machinery and onboard storage required for a ship to run on low carbon fuels in newbuilds and, in some cases, for retrofits. Ship-related investments also include investments in improving energy efficiency, which are estimated to grow due to the higher cost of low carbon fuels compared to traditional marine fuels.