The International Chamber of Shipping (ICS) has launched a publication to endorse IMO’s recently-adopted greenhouse gas (GHG) reduction target of 50 per cent by 2050.
The report – “Reducing CO2 Emissions to Zero” – explains what the goal could mean for international shipping and looks at what possibilities exist for the development of zero CO2 ship fuels.
Batteries, hydrogen fuel cells and nuclear power are all listed in the document as technologies that could help ship owners comply with the resolution. However, it warns that the technical challenges and research required “should not be underestimated” and, taking into account the rollout of new bunkering infrastructure, “the worldwide availability of zero CO2 fuels could take at least another 30 years to deliver.”
“Reducing CO2 Emissions to Zero” also sets out ICS’s firm opposition to the concept of mandatory operational efficiency indexing of individual ships as a possible candidate measure for CO2 reduction, which ICS argues would lead to serious market distortion.
The use of LNG and biofuels “may well form part of the interim solution” to GHG reduction, according to the report, as could renewable technologies such as wind and solar installations.
In the introduction, ICS Chairman Esben Poulsson states: “We now expect discussions at IMO to begin in earnest on the development of additional CO2 reduction measures, including those to be implemented before 2023.”