(www.MaritimeCyprus.com) This publication is one out of DNV’s suite of Energy Transition Outlook (ETO) reports. This latest publication examines how the increasing pressure to decarbonize shipping, and the resulting shifts in how they are powered, may affect shipowners contracting new tonnage – with focus on practical solutions and fuel strategies to tackle the shift from conventional to zero/ carbon-neutral fuels.
The maritime industry will go through a period of rapid energy and technology transition that will have a more significant impact on costs, asset values, and earning capacity than many earlier transitions. Shipowners are already experiencing increasing pressure to reduce the greenhouse gas footprint of maritime transport.
To help the industry navigate a way forward to shift to carbon-neutral fuels, the Maritime Forecast to 2050 report offers a fresh outlook on regulations, drivers, technologies, and fuel availability.
It considers several critical issues underpinning the decarbonization challenge, including:
- How a fast-evolving greenhouse gas regulatory framework is taking shape, including carbon pricing, which significantly increases costs and risk for shipowners.
- How shipping can react to the increased global demand for carbon-neutral fuels by adopting a range of operational energy efficiency measures, including speed reduction, route optimization, and wind-assisted propulsion.
- Whether low-emission technologies such as onboard carbon capture and storage (CCS) and nuclear propulsion are economically viable alternatives to carbon-neutral fuels.
- What mechanisms can be used to bridge the price gap that exists between conventional fossil fuels and carbon-neutral fuels.
- How green shipping corridors can accelerate the uptake of carbon-neutral fuels by addressing and resolving barriers on a manageable scale.
For further details, click below to download the full report: