Decarbonization of shipping in 2050: More needs to be done, and quicker, says report

Unless action is taken quickly, the shipping industry will not meet the IMO 2050 decarbonisation target, say experts from classification society DNV GL in the recently launched “Maritime Forecast to 2050.” Adam Kent states in the EFT, “There isnt one solution that will solve the IMO 2050 puzzle, it will be a combination of a number of solutions and a number of ways of looking at the market.” Read more

Decarbonization of shipping in 2050: More needs to be done, and quicker, says report

Carbon Carriers

The consequences for shipping markets of a major shift in energy consumption away from hydrocarbons and towards renewables and biofuels is the subject of a report prepared by MSI on behalf of the European Climate Foundation. MSI’s shipping market modelling systems were used to analyse how global fossil fuel demand reductions could alter inter-regional commodity trade flows and the associated shift in required shipping capacity, industry earnings and asset prices, across all segments of the shipping industry. The full report can be downloaded here and a shorter Executive Summary here.
Carbon Carriers