After decarbonization of road transport in the world will take up shipping
The green agenda and the energy crisis are forcing shipping companies to consider phasing out fossil fuels. Ocean freighters emit more greenhouse gases into the atmosphere than the 2 billion American cars and trucks combined. According to experts of the OilPrice resource, after decarbonization of vehicles, the time has come to switch shipping to renewable energy sources.
Shipping is believed to generate 2 to 3 percent of global carbon emissions. In this regard, the International Maritime Organization (IMO) has set a target to reduce carbon dioxide emissions from international shipping by 40 percent by 2030 and by 70 percent by 2050.
According to some experts, electric batteries may be used for sea freight in the future. For example, the American startup Fleetzero is building battery-powered cargo ships in the hopes of decarbonizing the shipping industry, as well as increasing cargo capacity through wider access to international ports. The co-founders of the company hope to develop technology, allowing a small diesel ship to be completely refitted by 2022.
Such innovative solutions are becoming increasingly necessary if large international companies hope to achieve their climate goals. For example, Amazon, Ikea and Unilever promise zero-emission shipments by 2040. This requires accelerating the development of alternative fuels and low-carbon technologies for wider use.
While it is clear that many companies are striving to decarbonize sea freight in the coming decades, no one knows exactly how this will be done. To meet the commitments to reduce shipping carbon dioxide emissions in line with the Paris Agreement targets, governments and multinationals must develop a coherent strategy and allocate funds.