MAN has run risk analysis modelling envisaging the phase-out of fossil fuels powering ships, says an article published in Splash247.
Man Energy about the results of its #AHOY50 study
MAN Energy Solutions said the results of its #AHOY50 study should serve as a wake-up call, something made all the more pertinent following the remarks made by John Kerry this week. The climate envoy for the Joe Biden administration in the US has this week called for the International Maritime Organization to lead shipping towards zero emissions by 2050, far exceeding current IMO targets for shipping to slash emissions by at least 50% compared to 2008 levels.
MAN’s Lauber on shipping
MAN’s Lauber said , “With shipping, everyone always talks about the technical side. Technically, however, the maritime energy transition has long been feasible. For years, the challenge has been at the political and an overall, societal level. Today, we can build engines that run on zero-emission fuels, but making the decision to ramp up synthetic fuels in the market is not something we can do alone.”
The key point stated in the study
A key takeaway from the study suggests that left to its own market forces, the shipping industry could persist in self-optimisation mode with limited dramatic and necessary change.
MAN stated, “A regulatory framework supported by social consensus, on the other hand, could trigger not only such a technological change, but also a boom in shipping as a result. A complete ban on fossil fuels in the second half of the decade could significantly promote such a development. A smartly-set, global, regulatory framework can turn the decarbonisation of shipping into a growth engine for the industry.”
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Source: Splash247
