A new research report by ABS, explores in-depth the potential for carbon markets and pricing to reshape global shipping, as well as the impact of the emerging hydrogen and carbon value chains.
Setting the Course to Low Carbon Shipping: Zero Carbon Outlook is the fourth in a series of outlook documents published by ABS to showcase the latest decarbonization research and thinking. Each has focused on a different aspect of the sustainability challenge, including the impact of energy and commodity trends on the global fleet and a detailed life-cycle, or value-chain, analysis of the greenhouse gas (GHG) footprint of the leading alternative marine fuels.
This latest outlook shows just how extensive and rapid that change is going to have to be if we are to meet 2050 objectives. We will need both hydrogen and carbon value chains to mature and scale up rapidly and, as this report also makes clear, shipping, in all its forms, is going to be a critical enabler of that transition
…said Christopher J. Wiernicki, ABS Chairman, President and CEO, highlighting that now, we need governments to step in with policies to accelerate development of low-carbon solutions and secure proper infrastructure.
The 2022 Outlook also introduces the Net Zero Navigator, a design for a liquid hydrogen carrier, approximately 80,000 m3 in capacity. The design utilizes NASA hydrogen storage technologies to reach such scale as well as hydrogen fuel cells and batteries, which were used for power generation on the space shuttle.
Carbon economics is emerging as a major new force in our industry and ABS is committed to helping owners and operators get ahead of these changes and plan their fleets to thrive in the new paradigm
said Georgios Plevrakis, ABS Vice President, Global Sustainability.
EXPLORE MORE BY READING THE REPORT HERE
