Switching to liquefied natural gas (LNG) to fuel ocean-going vessels may not be enough for shippers to comply with long-term emissions regulations and they will have to find additional ways of reducing emissions, JBC Energy said on Tuesday.
The International Maritime Organization (IMO) on Friday reached an agreement to cut carbon dioxide (CO2) emissions by at least 50 percent by 2050 compared with 2008 levels. Shipping accounts for 2.2 percent of world CO2 emissions, according to the IMO, the United Nations agency responsible for regulating the shipping industry.
According to JBC’s calculations a switch to LNG-fuelled shipping, which has a CO2 emission factor about 27 percent lower than the fuel oil that currently powers the vast majority of ships, “will not by itself be enough.” Read More
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