BRUSSELS: A new study by NGO Transport & Environment (T&E) says seven percent of EU marine shipping fuels must be based on green fuels by 2030 for the sector to decarbonise by 2050.
This means EU shipping must reduce CO2 emissions by 90 million tonnes by 2030 from a 2018 baseline. However a combination of large energy efficiency improvements and zero-emission enabled vessels (ZEEVs) would still miss the target by 35 million tonnes of CO2/year.
T&E concludes 4.6 million tonnes of e-ammonia could be available to help decarbonise EU-related shipping by 2030. To produce this, Europe would need to install about 14.6 GW of additional renewable electricity and about 7.5 GW of electrolyser capacity by the end of the decade.
When combined with energy efficiency improvements such as wind power, e-ammonia could reach a maximum 7.0 percent share in the fuel mix by 2030 – the equivalent demand of 120 large (14,500-TEU) containerships. The study notes at least 130 new LNG or LPG-powered vessels of the same capacity will be deployed in the next three years.
“If EU shipping is to play its part in rapidly cutting global emissions, it should act now,” said T&E Shipping director Faig Abbasov. “Only a combination of energy efficiency improvements and zero-emission vessels will get us there. Our analysis shows that even modest deployments this decade can put a sector resistant to change on the right track.
“The EU should mandate 7.0 percent electrofuel deployment by 2030 for all EU shipping as an ambitious but realistic way to fully decarbonise by 2050,” he added.
In doing so T&E estimates the industry would save up to €12 billion in costs.
Story Type: News