+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

MMRDA Targets Completion of Projects by December 2028

The Mumbai Metropolitan Region Development Authority (MMRDA) is targeting the completion of all its ongoing infrastructure projects by December 2028, a year ahead of its December 2029 deadline, Metropolitan Commissioner Dr Sanjay Mukherjee has said.Speaking at the sixth edition of the Real Estate & Infrastructure Investors' Summit (REIIS) 2026 in Mumbai, Mukherjee said the authority was developing an integrated network of roads, tunnels, sea links and Metro corridors under its broader vision of “Mumbai in 59 Minutes”.The objective is to improve east-west and north-south connectivity an..

Next Story
Building Material

High-Performance Façades Gain Ground in Indian Buildings

High-performance façades are gaining greater importance in Indian architecture as developers and architects increasingly focus on energy efficiency, thermal comfort and building performance, according to Shankar Fenestrations & Glasses.The company said modern façade systems are increasingly being considered as part of a building's overall performance strategy rather than being used primarily as aesthetic elements.High-performance glass, curtain wall systems and structural glazing can contribute to thermal regulation, solar control, daylight management and indoor comfort. Their growing ad..

Next Story
Technology

SPML Infra's 104.4 kWh BESS Battery Pack Clears Global Tests

SPML Infra has announced that its proprietary 104.4 kWh Battery Energy Storage System (BESS) battery pack has completed key international safety, performance and transportation testing and certification requirements, marking a step towards its commercial deployment.Developed under the company's own intellectual property, the battery pack has completed requirements under UL9540A, IEC 62619, IEC 63056, IEC 60730, IEC 61000-6-2, IEC 61000-6-4 and UN38.3 standards.The testing covers areas including thermal runaway safety, battery performance, system functional safety, electromagnetic compatibility..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code