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author = {Baresic, D and Prakash, V and Stewart, J and Rehmatulla, N and Smith, T},
title = {Climate action in shipping: Progress towards shipping's 2030 breakthrough},
institution = {UMAS},
year = {2023},
month = {oct},
url = {https://www.u-mas.co.uk/shipping-needs-to-take-rapid-action-to-achieve-5-zero-emission-fuel-target-by-2030-new-report-finds},
keywords = {Methanol, Ammonia, Hydrogen, Electrochemical, Policy, Strategy and Transition Pathways, Markets and Forecasting, Fuel Supply, Infrastructure and Bunkering, Ocean-going Vessels},
}
RIS
TI - Climate action in shipping: Progress towards shipping's 2030 breakthrough
AU - Baresic, D
AU - Prakash, V
AU - Stewart, J
AU - Rehmatulla, N
AU - Smith, T
AB - The shipping industry transports about 80% of internationally traded goods by sea and involves two million seafarers. However, its global role relies on highly polluting fuels, contributing to 3% of global greenhouse gas (GHG) emissions and inflicting a significant environmental toll. International shipping is on an ambitious, zero emission trajectory aligned to 1.5°C, shifting away from fossil fuels and establishing scalable solutions that support a just energy transition.The GHG reduction pathway specified in the 2023 International Maritime Organization Strategy on Reduction of GHG Emissions from Ships (2023 IMO GHG Strategy) says that shipping will need to achieve both a maximisation of energy efficiency this decade (2030) and have advanced through the emergence phase of a transition from fossil fuels to fuels produced from renewable energy. This then enables a mass market transition and the rapid diffusion of renewable energy use throughout the sector, thereby enabling it to reach near-zero GHG emissions by 2040. Previous work has proposed a coding of the transition by setting a significant advance milestone of at least 5% scalable zero emission fuel (SZEF) use by 2030.Taking such alignment into account, this report tracks the progress adoption of SZEF of at least 5% of the international shipping fuel energy mix by 2030 relative to the total energy demand used, and compares this against last year’s progress.
DA - 2023/10//
PY - 2023
SP - 1
EP - 67
PB - UMAS
UR - https://www.u-mas.co.uk/shipping-needs-to-take-rapid-action-to-achieve-5-zero-emission-fuel-target-by-2030-new-report-finds
LA - English
KW - Methanol
KW - Ammonia
KW - Hydrogen
KW - Electrochemical
KW - Policy, Strategy and Transition Pathways
KW - Markets and Forecasting
KW - Fuel Supply, Infrastructure and Bunkering
KW - Ocean-going Vessels
ER -
Abstract
The shipping industry transports about 80% of internationally traded goods by sea and involves two million seafarers. However, its global role relies on highly polluting fuels, contributing to 3% of global greenhouse gas (GHG) emissions and inflicting a significant environmental toll. International shipping is on an ambitious, zero emission trajectory aligned to 1.5°C, shifting away from fossil fuels and establishing scalable solutions that support a just energy transition.
The GHG reduction pathway specified in the 2023 International Maritime Organization Strategy on Reduction of GHG Emissions from Ships (2023 IMO GHG Strategy) says that shipping will need to achieve both a maximisation of energy efficiency this decade (2030) and have advanced through the emergence phase of a transition from fossil fuels to fuels produced from renewable energy. This then enables a mass market transition and the rapid diffusion of renewable energy use throughout the sector, thereby enabling it to reach near-zero GHG emissions by 2040. Previous work has proposed a coding of the transition by setting a significant advance milestone of at least 5% scalable zero emission fuel (SZEF) use by 2030.
Taking such alignment into account, this report tracks the progress adoption of SZEF of at least 5% of the international shipping fuel energy mix by 2030 relative to the total energy demand used, and compares this against last year’s progress.