Pathways outlined to enable shipping sector to achieve decarbonisation goals
The shipping industry has the ability to hit its international decarbonisation goals by following pathways identified by global experts.
A new evidence-based study outlines the need for large-scale deployment of new technologies and the use of low-carbon fuels to help the sector reduce greenhouse gas emissions by at least 50% by 2050 compared with 2008 levels to achieve the International Maritime Organization’s (IMO) target.
The study, produced for OGCI and Concawe by Ricardo, a global energy and environmental consultancy, outlines three possible pathways broadly characterised as:
1.The early pursuit of green ammonia and hydrogen;
2. Replacing fossil fuels with drop-in liquid and gaseous biofuels; and
3. Maximum uptake of energy efficiency technologies, carbon capture onboard vessels and the gradual increase of green ammonia and methanol.