Carbon ambitions remain all at sea
The shipping industry needs firm rules on how to calculate the lifecycle emissions of alternative fuels before it can start to build a low-carbon future, according to ABS
Fresh from complying with the International Maritime Organization (IMO) 2020 regulations on low sulphur fuel, the shipping industry is facing the challenge of reducing CO2 emissions of its fuels by at least 40pc by 2030 and 70pc by 2050. This will require energy efficiency gains and decarbonisation measures at the very least—and, later, adopting entirely new types of fuel. Georgios Plevrakis, director of global sustainability for US maritime classification society ABS, is at the centre of this challenge. His global sustainability team is spread across four centres in Singapore, Athens, Copenhagen and Houston. It aims to support shipping companies with practical guidance to meet the sustainab
Also in this section
2 January 2025
The hurdles standing in the way of rapid move away from fossil fuels are proving harder to clear than first thought
31 December 2024
Governments, developers, investors and lenders are keen to support and scale up cutting-edge energy transition projects, but funding such projects will require innovative financing and strategic collaboration
30 December 2024
Gas with carbon capture can be the solution to the region’s rapidly rising energy demand in the age of transition
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
