To provide insight into the future transition of international shipping to alternative fuels, focusing on achieving net-zero GHG emissions by 2050.
To offer guidance on selecting the appropriate alternative fuels and addressing the technical, economic, and regulatory factors involved in making informed decisions.
Fuel Type: Methanol
Cost of Regulatory Compliance Lower with LNG
To provide information on the impact of alternative fuels choice
Maritime Forecast to 2050
To analyze the current state of the shipping industry’s carbon emission reduction transition and the prospects for new technologies and stretegies, including ship design and fuel selection, necessary to achieve full net-zero
Key Issues in LCA Methodology for Marine Fuels
To highlight the impact of key considerations and methodological decisions when doing an LCA and demonstrate how these can impact the emissions attributed to different fuels
Applying Alternative Fuels to Existing Ships (Engine Retrofit Report 2023)
To explore decarbonization through retrofitting existing ships and analyze the price gap between alternative fuels and conventional fuels through forecast scenarios for the application of alternative fuel technologies in ship retrofits
It is worth noting that this report proposes a required carbon tax of $350 per ton of CO2 in order to bridge the price gap between existing marine fuels and the latest eco-friendly alternative fuels, such as methanol and ammonia.