Shipping needs to take rapid action to achieve 5% zero-emission fuel target by 2030, new report finds
A new report from UMAS, Getting to Zero Coalition, and Race to Zero finds that while it is possible for scalable zero-emission fuels to make up 5% of international shipping fuels by 2030 – shipping’s breakthrough target – the window of opportunity will close soon and rapid action is required from the industry.
October 23 2023
The report, “Climate Action in Shipping, Progress towards Shipping’s 2030 Breakthrough,” paints a mixed picture when it comes to shipping’s core challenges of sourcing zero-emission fuels and deploying zero-emission vessels. Zero-emission fuel production currently in the pipeline could end up covering just a quarter of the fuel needed to deliver the breakthrough. However, if more projects are successful, zero-emission fuel production could be up to twice as much as is needed, even when accounting for other sectors’ fuel needs. On vessels, the picture is less rosy. Despite headline-grabbing orders for methanol-fuelled ships, continuing the current trajectory of orders might only deliver one-fifth of the needed vessels to achieve the breakthrough target.