Press Release: This year’s Setting the Course to Low Carbon Shipping: Zero Carbon Outlook, the fourth in a series of outlooks designed to guide the maritime industry in decarbonization, examines the potential of reaching zero emissions in shipping.
Here are just a few of the key takeaways from Setting the Course to Low Carbon Shipping: Zero Carbon Outlook:
- Regulation of the maritime industry’s emissions is becoming increasingly stringent, with additional measures expected to be implemented in the next few years. The upcoming market-based measures and life-cycle assessment approach are expanding the scope of GHG emissions from tank-to-wake to well-to-wake.
- The path towards net zero will start with drop-in transition fuels, progress with the adoption of carbon capture technologies and eventually lead to adoption of low- and zero-carbon fuels produced using renewable energy.
- Shipping will be a centrepiece for the development of both the hydrogen and carbon value chains. A net zero scenario in 2050 would probably require energy for green hydrogen production which is equal to half of the renewable energy production in 2021.
To dive further into the topics above, download your copy of Setting the Course to Low Carbon Shipping: Zero Carbon Outlook.