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Argus Media: Japan sets carbon neutral goal on ocean-going vessels

27 Oct 2021

Maiko Nakashima of global energy and commodity price reporting agency Argus Media on Tuesday  (26 October) published a report on Japan’s target to a net zero GHG emissions.

Japan has set a goal for net-zero greenhouse gas (GHG) emissions from Japanese-owned ocean-going vessels by 2050 to help reduce carbon emissions from the international maritime sector.

This is an additional effort by Japan beyond the current International Maritime Organisation’s (IMO) target, reducing GHG emissions by 50pc and carbon dioxide (CO2) emissions by 70pc by 2050 compared with 2008 levels.

Japan’s land, infrastructure, transport and tourism ministry (MLIT) will launch the enhanced marine emissions target jointly with the US, the UK, Norway and Costa Rica at the IMO’s Marine Environment Protection Committee meeting in November.

The goal will be supported by part of the government’s green innovation fund set up for Tokyo’s 2050 decarbonisation roadmap. MLIT allocated today ¥32bn ($281mn) in total subsidies for four cross-industry groups to develop ammonia and hydrogen-fuelled ships, as well as cutting methane slippage from LNG-fuelled marine engines.

Japan is targeting the commercial launch of an ammonia-fuelled ship at the earliest possible timing before 2028. Japanese shipowner NYK, vessel engineer Japan Shipyard, engine manufacturers Japan Engine and IHI Power System are planning to launch an ammonia-powered tugboat by 2024 and an ammonia-fuelled oceangoing vessel by 2026.

 

Photo and source:  Argus Media
Published: 27 October, 2021

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