Tag: 2050

Leading organizations and initiatives across the shipping value chain, joined by the  largest producers of green hydrogen, signed on to a joint statement at COP27, committing to the rapid and ambitious production and use of low-carbon fuels based on green hydrogen to accelerate decarbonization of global shipping. The shipping sector  currently accounts for 3 percent of global greenhouse gas emissions but is expected to  grow to 50 percent by 2050 without intervention.

During a press conference at SMM 2022, DNV unveiled its latest Maritime Forecast to 2050 report with a new focus on how to overcome the “ultimate hurdle” of fuel availability. This year’s publication considers the comprehensive production, distribution and bunkering infrastructures required to enable the maritime industry’s shift to carbon-neutral fuels.

Many climate experts predict that the next ten years are crucial, thus our actions within this decade will decide whether we are able to reach the ambitious goals of the Paris agreement limiting the global temperature increase to 1.5°C until 2050. Yet, recent studies show that G20 nations are currently failing to reach their climate goals.

In fact, The UNEP Emissions Gap Report for 2019 which was launched on Tuesday, November 26, warns that the world is heading for a 3.2 degrees Celsius global temperature rise over pre-industrial levels, leading to even wider-ranging and more destructive climate impacts, even if countries meet commitments in accordance with the 2015 Paris Agreement.

​The IMO stated that its Intersessional Working Group on Reduction of GHG Emissions from Ships has made significant progress with work aiming to help achieve the ambitious targets of the initial IMO strategy regarding the reduction of GHG emissions from ships, further aiming at the decarbonization of the international shipping in this century.

Apart from the ambitious target of the 2020 Global Sulphur Cap set by the IMO, shipowners and operators must also take into considerations the greenhouse gas targets for 2030 and the emissions goals for 2050. ABS informs that the regulatory changes set for 2020, as well as those expected for 2030 and 2050, will be “more disruptive than any past environmental regulations.”

Christopher J. Wiernicki, ABS Chairman, President and CEO, highlighted the future of marine fuels in the shipping industry, stating that in order to achieve the 2050 goals the industry needs better and improved technology.

During the last SAFETY4SEA Hamburg Forum, all experts attempted to provide a picture of the shipping in 50 years from today and imagine how the industry is going to change in order to face upcoming challenges. Namely, the key question raised was: What will be the same in the shipping industry and what will be different in 2050 from your perspective?

During the London International Shipping Week, IMO's Secretary-General, Kitack Lim, highlighted the need make zero-emission ships more commercially attractive, adding that the 2050 GHG goals can not be achieved by only using fossil fuels.

During the London International Shipping Week major stakeholders of the shipping industry such as BIMCO, ICS, and INTERTANKO, discussed about the future of shipping, focusing on the preparations of the implementation of the 2020 sulphur cap, while also discussing the 2050 target on reducing shipping emissions.