A recent analysis has revealed that the world is not on course to achieve the target of zero-emission fuels comprising five per cent of international shipping fuels by 2030, reports Reuters.
This shortfall threatens the shipping industry's broader objective of decarbonising by 2050.
Presented during the annual summit of the Global Maritime Forum in Athens, the assessment indicates that the existing production capacity for scalable zero-emissions fuels (SZEF) will only cover a quarter of the required fuel volume by 2030.
Additionally, the progress in deploying zero-emission vessels is facing setbacks.
As of the end of 2022, there were 24 ships capable of operating on SZEF, primarily methanol, with an additional 144 on order.
However, the report, conducted by the UMAS consultancy in collaboration with experts from the University College London Energy Institute, concludes that current orders represent only one-fifth of the necessary volume to achieve mid-term sustainability goals.
'It's just not enough at scale or at the pace that is needed,' said UN COP Climate Champions shipping lead Kathryn Palmer.
'We need to see the demand and supply actors work together to implement specific solutions'.
SeaNews Turkey
This shortfall threatens the shipping industry's broader objective of decarbonising by 2050.
Presented during the annual summit of the Global Maritime Forum in Athens, the assessment indicates that the existing production capacity for scalable zero-emissions fuels (SZEF) will only cover a quarter of the required fuel volume by 2030.
Additionally, the progress in deploying zero-emission vessels is facing setbacks.
As of the end of 2022, there were 24 ships capable of operating on SZEF, primarily methanol, with an additional 144 on order.
However, the report, conducted by the UMAS consultancy in collaboration with experts from the University College London Energy Institute, concludes that current orders represent only one-fifth of the necessary volume to achieve mid-term sustainability goals.
'It's just not enough at scale or at the pace that is needed,' said UN COP Climate Champions shipping lead Kathryn Palmer.
'We need to see the demand and supply actors work together to implement specific solutions'.
SeaNews Turkey