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Analysis on the interaction of CII with GFS Calibrating IMO energy efficiency and fuels targets

Abstract

This briefing provides the results of an in-house analysis, which makes the case for implementing stringent energy efficiency requirements along with an ambitious GHG fuel standard (GFS). The analysis concludes that in order to deliver the absolute emissions targets of the Revised IMO GHG Strategy, more moderate GFS targets could be acceptable if they are combined with stringent energy efficiency standards. The latter could be achieved either by reforming CII to be Wt Wor transforming it from carbon intensity indicator to energy efficiency indicator (EEI), which ensures needed emissions savings beyond the uptake of 10% fuel zero/near-zero emissions fuels by 2030. Failing that, GFS targets of between -25% and -34% by 2030 relative to 2018 levels will be required to meet IMOʼs 2030 absolute emissions reduction target.