Lloyd’s Register (LR) and University Maritime Advisory Services (UMAS) on Tuesday (29 January) have released the ‘Zero-Emission Vessels Transition Pathways’ study.
It aims to show what is needed to enable the transition, both at the ship and supply infrastructure level, to deliver zero-emission vessels (ZEVs) that are crucial to achieve the IMO’s Greenhouse Gas (GHG) Strategy 2050 ambition. It also demonstrates to all stakeholders what action needs to be taken now.
The study seeks to address key questions about ZEVs such as: what needs to happen between now and in the next three decades for ship deployment? And what needs to happen within this period to develop the supply infrastructure?
It looks at the key milestones, barriers and enablers over the specified timeframe, and considers cost implications, operating profile and how policy measures such as carbon pricing could influence the outcomes.
The ‘Zero-Emission Vessels Transition Pathways’ study indicates that:
2020 – 2030 is the most significant decade, stressing the urgency for early action.
The 2030s – scaling up of zero-carbon solutions.
Up to the 2050s
“2020 – 2030 is the most significant decade and the study stresses the urgency for early action,” said LR’s Global Sustainability Manager, Katharine Palmer.
“Scaling up of zero-carbon fuels relies on clarity of the direction taken in the wider energy system. Uncertainty risks delaying important investments within the world’s fleet and infrastructure.”
“It doesn’t happen very often, to live such moments of a global transition towards a new paradigm,” notes UMAS’ Principal Consultant, Carlo Raucci.
“This study has given us the opportunity to reflect on the actions needed to achieve a desirable future with zero-emission vessels dominating the shipping industry.
“There are different paths to reach this goal and every turn of a path has its seduction and promises attached. A path may hold so many possibilities for shipping stakeholders but what is clear though is that the era of emitting fossil fuels must be left behind.”
Download the Zero-Emission Vessels: Transition Pathways study here.
Published: 30 January, 2019
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