Shipping's Zero-Emission Fuel Goals at Risk
PORTS & SHIPPING

Shipping's Zero-Emission Fuel Goals at Risk

The global shipping industry is falling short of its target to have zero-emission fuels make up 5% of international shipping fuels by 2030, posing a threat to its 2050 decarbonisation objective, as revealed by a recent analysis. The assessment, unveiled at the Global Maritime Forum's annual summit in Athens, indicates that the current scalable zero-emissions fuel (SZEF) production in the pipeline would only cover a quarter of the required fuel by 2030.

Furthermore, the delivery of zero-emission vessels is lagging. By the end of 2022, there were 24 ships capable of running on SZEF, primarily methanol, with another 144 on order. However, current orders amount to just one-fifth of what is necessary to meet mid-term goals, according to the report, conducted by the UMAS consultancy, which includes experts from the University College London Energy Institute.

Kathryn Palmer, the shipping lead of the U.N. COP Climate Champions, emphasised that the current progress is insufficient in terms of scale and pace, underscoring the need for demand and supply actors to collaborate on implementing specific solutions.

Global shipping is accountable for approximately 3% of the world's greenhouse gas emissions resulting from human activities. The International Maritime Organisation revised its greenhouse gas strategy this year, setting a 5% target while also urging the industry to aim for 10% zero-emission energy in international shipping fuels by the end of the decade. Achieving this goal would require about 5.3 million metric tons of hydrogen, 29.8 million metric tons of ammonia, or 28.1 million metric tons of methanol by 2030. The industry is estimated to have to invest approximately $40 billion annually in SZEF bunkering and production.

The global shipping industry is falling short of its target to have zero-emission fuels make up 5% of international shipping fuels by 2030, posing a threat to its 2050 decarbonisation objective, as revealed by a recent analysis. The assessment, unveiled at the Global Maritime Forum's annual summit in Athens, indicates that the current scalable zero-emissions fuel (SZEF) production in the pipeline would only cover a quarter of the required fuel by 2030. Furthermore, the delivery of zero-emission vessels is lagging. By the end of 2022, there were 24 ships capable of running on SZEF, primarily methanol, with another 144 on order. However, current orders amount to just one-fifth of what is necessary to meet mid-term goals, according to the report, conducted by the UMAS consultancy, which includes experts from the University College London Energy Institute. Kathryn Palmer, the shipping lead of the U.N. COP Climate Champions, emphasised that the current progress is insufficient in terms of scale and pace, underscoring the need for demand and supply actors to collaborate on implementing specific solutions. Global shipping is accountable for approximately 3% of the world's greenhouse gas emissions resulting from human activities. The International Maritime Organisation revised its greenhouse gas strategy this year, setting a 5% target while also urging the industry to aim for 10% zero-emission energy in international shipping fuels by the end of the decade. Achieving this goal would require about 5.3 million metric tons of hydrogen, 29.8 million metric tons of ammonia, or 28.1 million metric tons of methanol by 2030. The industry is estimated to have to invest approximately $40 billion annually in SZEF bunkering and production.

Next Story
Infrastructure Urban

TRAI Evaluates Telecom Service in Nine Cities

In December 2024, the Telecom Regulatory Authority of India (TRAI) conducted Independent Drive Tests (IDT) across nine cities, highways, and railway routes, including Aligarh, Bhubaneswar, Jammu, Lucknow, Navi Mumbai, Raipur, Siliguri, Thiruvananthapuram, and the Vapi-Rewari Highway. The tests aimed to assess the quality of voice and data services provided by telecom operators such as Bharti Airtel, BSNL/MTNL, Reliance Jio, and Vodafone Idea using various technologies like 2G, 3G, 4G, and 5G. The drive tests evaluated Key Performance Indicators (KPIs) for both voice and data services, includi..

Next Story
Infrastructure Urban

Kolkata to Host North East Trade & Investment Roadshow

Kolkata is set to host the North East Trade & Investment Roadshow on March 7, 2025, at Hotel JW Marriott, starting at 10:30 a.m. Organized by the Ministry of Development of North Eastern Region (MDoNER) in collaboration with FICCI and Invest India, the event aims to attract investors and promote economic opportunities in the North East. The roadshow will be graced by Dr. Sukanta Majumdar, Minister of State for MDoNER & Education, along with Shri Dharmvir Jha, Statistical Adviser, MDoNER, and senior representatives from all eight North Eastern states. The event will feature presentations on ke..

Next Story
Infrastructure Energy

India’s Rooftop Solar Installations Surge by 86% in 2024

India added 3.2 GW of rooftop solar capacity in 2024, marking an 86% increase from the previous year, according to Mercom India Research’s latest Q4 & Annual 2024 India Rooftop Solar Market Report. The surge was largely fueled by the PM Surya Ghar: Muft Bijli Yojana, with the residential sector accounting for 74% of the total installations. In the wind power sector, NLC India and Adyant Enersol (Datta Infra) secured bids in SJVN’s auction for 600 MW of inter-state transmission system-connected wind projects. NLC India won 200 MW at a tariff of Rs 3.74/kWh, while Adyant Enersol secured 112..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?