The report, titled “Strategy for the Transition to Zero-Emission Shipping”, was prepared for The Getting to Zero Coalition and funded by the Mission Possible Partnership.
It is the first major shipping report to use a multi-disciplinary approach to bring together transition theory with techno-economics and use these to synthesize and evidence new insights.
A fresh multi-disciplinary approach provides a whole-systems view in understanding shipping’s transition and suggests the many levers for change that can and should be pulled for the sector’s transition to zero emission fuels.
The fresh perspective enabled the researchers to develop a multi-stakeholder integrated transition strategy and study the essential elements of the shipping system’s transition away from fossil fuels and to zero emissions by 2050.
The study challenges several narratives around industry and policy action, for example the use of carbon pricing as a panacea to solve the sector’s transition to zero emission fuels and the necessity of the IMO to drive early adoption.
Dr Domagoj Baresic, UCL Energy Institute Research Associate and UMAS consultant, said:
The transition to zero carbon marine fuels offers many investment opportunities across the entire maritime supply chain. Multiple opportunities exist for synergies with land-based industries, including agriculture, chemicals, land transport and energy. Our research shows that many of these business opportunities exist today, and future policies will make them even more appealing” UMAS is a sector focussed, commercial advisory service that draws upon the world leading expertise of the Shipping Team at UCL Energy Institute combined with the advisory and management system expertise of UMAS International Ltd."
UMAS is a sector focussed, commercial advisory service that draws upon the world leading expertise of the Shipping Team at UCL Energy Institute combined with the advisory and management system expertise of UMAS International Ltd.
Links
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