Decarbonization Trajectories


Decarbonization Trajectories

Feb. 29 2024

The maritime shipping industry is diverse and faces a complex path towards decarbonization, encompassing different requirements, pressures, and trajectories. Bureau Veritas highlights the need for a realistic, bottom-up approach to understand decarbonization scenarios that align with IMO's GHG emissions reduction targets. Immediate operational measures and energy efficiency technologies are emphasized as crucial steps, alongside the development of digital platforms for better decision-making and performance enhancement in real-time. Additionally, digital market mechanisms, such as energy insetting, are proposed to stimulate the production of renewable and low-carbon fuels by uniting stakeholders across the value chain.

The Position Paper outlines the challenges faced by the shipping industry in pursuing decarbonization, influenced by market dynamics, economic conditions, and the service life of ships. It presents mathematical models exploring different decarbonization pathways, suggesting that significant GHG emissions reductions are achievable through various operational and technological interventions. The role of digitalization in enhancing information exchange, transparency, and trust is highlighted as a means to close the gap on fossil fuels and facilitate the transition to low-emission alternatives.

Furthermore, the discussion extends beyond decarbonization to encompass broader sustainability concerns, including social aspects, safety, environmental impacts, and the necessity of crew training. The transformation of the shipping sector is framed as part of a holistic sustainability journey, emphasizing the importance of a comprehensive approach to address the myriad challenges associated with achieving a safe, zero-carbon future for the maritime industry.

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