Daily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESG
  • Home
  • News
    • Sustainability
    • Featured
    • Carbon Offset
    • Net zero
    • Knowledge
    • Climate Change
    • Off Grid Solar
    • RoofTop & Distributed Solar
    • Technical
    • Manufacturing
    • Utility Scale RE
  • World
    • USA
    • UK
    • India
    • Europe
      • France
      • Germany
      • Austria
      • Denmark
      • Finland
      • Italy
      • Netherlands
      • Spain
      • Switzerland
    • Middle East
      • Saudi Arabia
      • UAE
      • Qatar
      • Bahrain
      • Oman
    • Asia Pacific
      • China
      • Hong Kong
      • Australia
      • Indonesia
      • Japan
      • Malaysia
      • New Zealand
      • Singapore
      • South Korea
    • North America
      • Canada
      • Mexico
    • South America
      • Brazil
      • Chile
    • Africa
      • South Africa
      • Egypt
      • Kenya
      • Mali
      • Morocco
      • Nigeria
      • Uganda
  • Industries
    • Air Travel
    • Automobile
    • Banking
    • Cement
    • Energy
    • FMCG
    • Healthcare
    • Hospitality
    • IT & Computers
    • Shipping
    • Pharmaceuticals
    • Real Estate
    • Steel
  • More
    • Carbon Capture & Storage
    • Carbon Footprint
    • Carbon Tax
    • New Launches
    • Interviews
    • Job Opportunities
    • Policy & Regulations
    • Quarter Results
    • Research Reports
    • Tender
    • Web Stories
  • Climate Change
    Climate ChangeShow More
    Why Oil Stocks Aren’t That Hot
    Anand Gupta By Anand Gupta
    Countries draw battle lines for talks on new climate finance goal
    Anand Gupta By Anand Gupta
    Achieving MENA Climate Change Goals While Navigating Cashflow Challenges
    Anand Gupta By Anand Gupta
    TIME TO NAME THE SILENT KILLER: HEATWAVES
    Anand Gupta By Anand Gupta
    UNEA-6: multilateral actions to tackle climate change, biodiversity loss and pollution
    Anand Gupta By Anand Gupta
  • Sustainability
    SustainabilityShow More
    The Importance Of Sustainability In Manufacturing
    Anand Gupta By Anand Gupta
    Sustainability Partnerships: What They Are, Why They Matter And How They Work
    Anand Gupta By Anand Gupta
    The Best And The Rest: The Sorry State Of Sustainability Today
    Anand Gupta By Anand Gupta
    It’s Time for Sustainability to Become a Core Part of MBA Programs
    Anand Gupta By Anand Gupta
    Eight ways the sustainable economy is (still) taking over
    Anand Gupta By Anand Gupta
  • Business & Finance
    Business & FinanceShow More
    Himachal CM seeks collaboration with UK on green hydrogen, e-vehicles
    Anand Gupta By Anand Gupta
    IndiGrid’s portfolio grows to 1.1 GWp with new 300 MW solar acquisition
    Anand Gupta By Anand Gupta
    EverEnviro, Thermax Bioenergy sign MoU with Danish firm to boost India’s CBG production
    Anand Gupta By Anand Gupta
    Sajjan Jindal’s JSW Steel sounds out banks for $750 million loan
    Anand Gupta By Anand Gupta
    President accords sanction to Rs 20,773 cr RE Transmission System Project in Ladakh
    Anand Gupta By Anand Gupta
  • Carbon Offset
    Carbon OffsetShow More
    Revealed: How Industry Lobbying is Reducing Nature to a Monopoly Board
    Anand Gupta By Anand Gupta
    OFFSETS PROMISE TO CUT CARBON FOOTPRINTS BUT CRITICS RAISE QUESTIONS
    Anand Gupta By Anand Gupta
    Carbon offsets bring new investment to Appalachia’s coal fields, but most Appalachians aren’t benefiting
    Anand Gupta By Anand Gupta
    Can clean cookstoves ride out the carbon markets storm
    Anand Gupta By Anand Gupta
    Carbon removal sector buoyed by strong growth in corporate demand
    Anand Gupta By Anand Gupta
  • Featured
    FeaturedShow More
    India will take up carbon tax issue ‘very strongly’ with the EU, says Piyush Goyal
    Anand Gupta By Anand Gupta
    Unpacking The Truth Behind Climate Change Predictions And Carbon Taxes
    Anand Gupta By Anand Gupta
    Ways for India to deal with EU carbon tax
    Anand Gupta By Anand Gupta
    Taking Carbon Tax Off Home Heating Drops Saskatchewan Inflation to Under Two Per Cent
    Anand Gupta By Anand Gupta
    Warming up to climate change: How does climate change impact extreme weather events?
    Anand Gupta By Anand Gupta
  • Net zero
    Net zeroShow More
    India’s net-zero target: Here’s what the govt needs to prioritise
    Anand Gupta By Anand Gupta
    Do Record Temperatures Mean Our Climate Goals And Net Zero Are Dead?
    Anand Gupta By Anand Gupta
    The dark cloud over Indonesia’s pledge to achieve net-zero emissions by 2060
    Anand Gupta By Anand Gupta
    Net-Zero Is Pulling the Plug on America’s Electrical ‘Life Support System,’ New Documentary Says
    Anand Gupta By Anand Gupta
    SAP’s Journey to Net Zero 2030
    Anand Gupta By Anand Gupta
  • Renewable Energy
    Renewable EnergyShow More
    Is Renewable Energy Actually Making Us Rely More on Fossil Fuels?
    Anand Gupta By Anand Gupta
    Countries to promise clean energy boost at COP28 to push out fossil fuels
    Anand Gupta By Anand Gupta
    The UAE has committed to assisting Malaysia in establishing a 10 GW renewable energy capacity, valued at $8 billion, by 2025
    Anand Gupta By Anand Gupta
    Renewable energy sources and energy waste reduction accounted for 25% of the state’s electricity needs last year, showcasing a substantial shift towards sustainable energy practices and environmental responsibility
    Anand Gupta By Anand Gupta
    The Ascendance of Renewable Energy: Exploring the Role of Electrification in Driving Sustainable Solutions
    Anand Gupta By Anand Gupta
Daily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESGDaily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESG
Aa
  • Climate Change
  • Sustainability
  • Business & Finance
  • Carbon Offset
  • Featured
  • Net zero
  • Renewable Energy
Search
  • Home
  • News
    • Sustainability
    • Featured
    • Carbon Offset
    • Net zero
    • Knowledge
    • Climate Change
    • Off Grid Solar
    • RoofTop & Distributed Solar
    • Technical
    • Manufacturing
    • Utility Scale RE
  • World
    • USA
    • UK
    • India
    • Europe
    • Middle East
    • Asia Pacific
    • North America
    • South America
    • Africa
  • Industries
    • Air Travel
    • Automobile
    • Banking
    • Cement
    • Energy
    • FMCG
    • Healthcare
    • Hospitality
    • IT & Computers
    • Shipping
    • Pharmaceuticals
    • Real Estate
    • Steel
  • More
    • Carbon Capture & Storage
    • Carbon Footprint
    • Carbon Tax
    • New Launches
    • Interviews
    • Job Opportunities
    • Policy & Regulations
    • Quarter Results
    • Research Reports
    • Tender
    • Web Stories

Top Stories

Brazil to Incorporate Batteries and Energy Storage Solutions in 2024 Energy Auctions

Brazil 16 September 2023

A sector progress tracker for the net-zero transition

Featured 20 November 2023

Saudi Arabia Pushes Ahead with Offset Exchange

Carbon Offset 28 October 2023
Have an existing account? Sign In
Follow US
Copyright © Ruby Theme Ltd. All Rights Reserved.
Daily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESG > Blog > Net zero > The United Nations has recently established a net-zero goal for the shipping industry

The United Nations has recently established a net-zero goal for the shipping industry

Anand Gupta
Last updated: 2023/07/12 at 11:00 AM
By Anand Gupta
Share
8 Min Read

Slower ships and new fuels could be part of the answer.

Ships crisscrossing the world’s oceans are vital to our global economy—everything from the bananas on your countertop to the car in your driveway may have journeyed on one at some point.

But all that travel causes pollution: the global shipping industry is responsible for over a billion tons of greenhouse-gas emissions each year, about 3% of the world’s total.

A UN group called the International Maritime Organization (IMO) agreed on July 7 to set a goal of net-zero greenhouse-gas emissions for global shipping “by or around 2050.” (Net-zero emissions means either cutting off all sources of these emissions or finding ways to balance them out, such as using carbon removal.) Setting a target date for emissions to balance out to zero is a major step for an industry that’s often called tough to decarbonize. But experts say that there are more than enough tools available for the industry to reach, or even surpass, the new goals set by the IMO.

The new agreement establishes checkpoints along the way to the 2050 target: emissions should be at least 20% below 2008 levels by 2030, and at least 70% lower by 2040. The deal also says that low-emission energy sources should make up at least 5% of energy used in shipping by 2030.

While 2030 is fast approaching, it’s possible for the industry to make those emissions cuts in time, says Bryan Comer, head of the maritime program at the International Council on Clean Transportation. “I don’t think it’s necessarily technically difficult to clean up or decarbonize the sector—just more politically challenging,” he says.

In fact, the industry could meet the new 2030 checkpoint mostly by slowing down ships, Comer says. That’s because a ship moving slower generally requires less fuel, which reduces emissions. (The same is true for cars, so if you’re looking to save money on gas, consider slowing down.)

There are other options on the table to cut emissions further, says Faïg Abbasov, director of shipping at the European Federation for Transport and Environment.

One potential route is to use wind to help push ships along. Startups and major companies alike are working to add sails, kites, and special rotors to help give ships a boost. Harnessing wind assistance is possible only on certain types of ships that have the deck space open for added equipment, but the technique can help reduce fuel demand, cutting down on the greenhouse gases emitted on a journey.

New fuels could also play a role. While most will still release greenhouse gases when they’re burned, producing biofuels and synthetic fuels can draw carbon out of the atmosphere. (In the case of biofuels, plants suck up carbon dioxide as they grow. Synthetic fuels can be made using carbon dioxide removed from the atmosphere via direct air capture.) The result in either case is to reduce, or even eliminate, the total amount of emissions making it into the atmosphere. And many of these fuels could work with existing engines.

By combining slower speeds, wind assistance, and low-emissions fuels, the shipping industry could cut emissions nearly 50% by the end of the decade, according to a study published in June by the environmental consultancy CE Delft. The study was commissioned by several environmental groups, including the European Federation for Transport and Environment.

The changes would increase shipping costs by 6% to 14% over current levels. But those costs pale in comparison with the expected damages of climate change, Abbasov says.

The next two milestones, at 2040 and 2050, could be harder to hit. Efficiency improvements and operational measures won’t be enough to get global shipping to net-zero emissions by 2050. Decarbonizing shipping is a multitrillion-dollar endeavor and will require technological advancements, including wide use of low- and zero-emissions fuels like green hydrogen, methanol, and ammonia, which are largely yet to be demonstrated or adopted in commercial operations.

The stakes for decarbonizing the global economy, including shipping, were on display during negotiations, says Madeline Rose, who was present for the proceedings and is a senior director of climate at Pacific Environment, an environmental group: “We had the hottest Fourth of July ever on record. We had floods and heat waves in China, heat waves and floods in Spain. We’re sitting through this and seeing the climate science we’ve been warned about.”

Rose and other experts criticized the IMO for not going far enough in its goal-setting. The Paris agreement, a UN deal passed in 2015, set a target of limiting total global warming to well below 2 °C over preindustrial levels, and ideally below 1.5 °C. The targets are somewhat arbitrary, as any additional warming will have consequences for the planet. But they’ve also been central to climate policy since they were established.

Reaching either warming target requires ramping down emissions across all sectors, from transportation to power generation to heavy industry. The IMO’s 2050 net-zero target, along with the near-term checkpoints, should be enough for the industry to do its part in keeping warming below 2 °C, according to an analysis from the International Council on Clean Transportation. However the net-zero date would need to be bumped up to about 2040 for the sector to keep up with a plan that would limit warming below 1.5 °C, according to another ICCT analysis.

“We are fundamentally just disheartened and disappointed that nations couldn’t agree to firm 1.5-degree-aligned targets,” Rose says.

Next, the IMO aims to impose new measures that will help the industry hit its self-imposed targets, including a gradual reduction of allowable emissions from fuels, and some type of economic measures that could put a price on greenhouse-gas emissions.

Those negotiations might not be straightforward either: some countries, including China, Argentina, and Brazil, lobbied against a 2040 net-zero target in the IMO negotiations, and China has strongly opposed economic measures under consideration, including an emissions levy.

The shipping industry’s first broad net-zero target isn’t the end of talks, Comer says, but it “sets the end target really clearly.”

TAGGED: Climate Change, net-zero goal, United Nations

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Twitter LinkedIn Reddit Email Copy Link

Categories

  • Africa
  • Air Travel
  • Asia Pacific
  • Australia
  • Austria
  • Automobile
  • Bahrain
  • BANGLADESH
  • Banking
  • Battery
  • Brazil
  • Business & Finance
  • California
  • Canada
  • Carbon Capture & Storage
  • Carbon Footprint
  • Carbon Offset
  • Carbon Tax
  • Cement
  • Chile
  • China
  • Climate Change
  • Denmark
  • Editors Choice
  • Egypt
  • EMobility
  • Energy
  • Energy Storage
  • Europe
  • Featured
  • Finland
  • FMCG
  • France
  • Germany
  • Healthcare
  • Hospitality
  • Hydrogen
  • India
  • Interviews
  • IT & Computers
  • Italy
  • Laos
  • Malaysia
  • Manufacturing
  • Mexico
  • Middle East
  • Morocco
  • Net zero
  • New Launches
  • New Zealand
  • North America
  • Off Grid Solar
  • Oman
  • Pharmaceuticals
  • Philippines
  • Policy & Regulations
  • Quarter Results
  • RE100
  • Real Estate
  • Renewable Energy
  • Research Reports
  • RoofTop & Distributed Solar
  • Saudi Arabia
  • Shipping
  • Singapore
  • South Africa
  • South America
  • South Korea
  • Spain
  • Steel
  • Sustainability
  • Taiwan
  • Tender
  • UAE
  • UK
  • USA
  • Utility Scale RE

Related Strories

Editors Choice

Let’s Build a Climate Wall of Shame

By Anand Gupta 24 February 2024
Climate Change

Why Oil Stocks Aren’t That Hot

By Anand Gupta 24 February 2024
Featured

Unpacking The Truth Behind Climate Change Predictions And Carbon Taxes

By Anand Gupta 23 February 2024
Editors Choice

What are the effects of climate change on biodiversity?

By Anand Gupta 20 February 2024
Show More

Get Insider Tips and Tricks in Our Newsletter!

  • Stay up to date with the latest trends and advancements in AI chat technology with our exclusive news and insights
  • Discover and download exclusive chatbot templates, scripts, and other resources.
  • Other resources that will help you save time and boost your productivity.
Daily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESG

We want to live on a healthy, peaceful planet. A planet where forests flourish, oceans are full of life and where once-threatened animals safely roam. Where our quality of life is measured in relationships, not things we have or own.

Quicklinks

  • Contact Us
  • Blog Index
  • Complaint
  • Advertise

Company

  • Privacy Policy
  • Legal Stuff
  • Manage Cookies
  • Terms and Conditions
  • Partners

Follow Socials

All copyrights reserved at CO2 to Net Zero Solutions India Pvt Ltd

Social Chat is free, download and try it now here!

Welcome Back!

Sign in to your account

Lost your password?