Growing interest in low- and zero-carbon fuels for shipping
Green shipping premium raises cost questions
Pace of transition to clean fuels will depend on stakeholders’ readiness to pay green premium, conference speakers say
Green shipping will not be cheap, and its higher cost is likely to be borne by end-consumers and cargo owners, raising questions about a potential uneven level of interest in decarbonised shipping among stakeholders. Shipping is less intensive than other freight transport modes in terms of CO₂/km, making up about 3pc of total global CO₂ emissions. But this share is likely to increase as demand for shipping rises in line with global economic growth over the coming decades and as other sectors decarbonise. Shipping emissions could rise by as much as 50pc by 2050 if the industry takes no action, according to the International Maritime Organization. This has led to growing interest in low- or ze
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
