SEA-LNG has released a report that highlights how the shipping industry has advanced along the LNG pathway to decarbonisation in 2022 and outlines the progress expected in 2023.
The shipping industry is making newbuild investment decisions now that will impact GHG emissions today and for the next 25-30 years, the typical lifetime of a deep-sea vessel.
Whilst regulators and industry are agreed on the net-zero emissions destination, the implications of the pathway are rarely discussed. The total pathway emissions linked with many of the alternative fuels being discussed may be much higher than those associated with LNG and its bio and synthetic variants.
There is growing recognition that decarbonisation will not be a ‘big bang’ process where the industry moves in a single step from fossil to zero-emission, renewable fuels. Bio-LNG offers an immediate next step on the LNG pathway to decarbonisation, meaning vessels ordered today will be able to continue to operate within increasingly stringent GHG emissions regulations up to and beyond 2050.
The full report can be read here: https://sea-lng.org/2023/01/lng-delivering-decarbonisation/
