Shipping industry to not fulfil the 2030 5% zero-emission fuel target

19 Oct 2023 CW Team

According to a recent analysis, the shipping industry's 2050 decarbonisation goal is in jeopardy because zero-emission fuels are not expected to make up 5% of fuel used in international shipping by 2030.

The evaluation, which was unveiled at the annual summit of the Global Maritime Forum in Athens, indicates that the amount of fuel required by 2030 would only be partially met by the scalable zero-emissions fuel (SZEF) production currently under way.

Additionally, there is a lag in the supply of zero-emission vessels. 24 ships?mostly made of methanol?could run on SZEF by the end of 2022, and another 144 were on order. But according to the analysis, which was completed by the UMAS consultancy with assistance from experts at the University College London Energy Institute, current orders only account for one-fifth of what is required to achieve mid-term targets.

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