Page 9 - European Energy Innovation - Spring 2017 publication
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Spring 2017 European Energy Innovation   9

                                                         GREEN SHIPPING

obligation for ships to carry energy       Figure 1: Marginal abatement cost curve for dry bulkers (source: TNO: GHG emission
efficiency management plans on             reduction potential of EU-related maritime transport and on its impacts, study carried
board.                                     out for the European Commission, 2015). The graph shows that significant emission
                                           cuts can be achieved with low cost measures. Measures in green are cost-effective and
These measures are expected to             those in red would trigger net costs for the ships.
dampen further emissions growth,
but not reduce emissions from today’s
levels. Moreover, latest IMO figures
show that many ships built in 2013
and 2014 already go beyond future
requirements under the current
efficiency standard. This raises
concerns over the standard’s level of
ambition and its ability to incentivise
the uptake of existing technologies
and the development of new

It is clear that further action to reduce
emissions from shipping is urgently
required. The good news for the sector
is that it also makes good economic

The second IMO greenhouse gas              by implementing new innovative           An important next step will be the
study, published in 2009, identified       technologies.                            development of the IMO’s strategy for
technical and operational measures                                                  reducing greenhouse gas emissions
that could tap into the sector’s           Wind energy, for example, could be       from ships, to be adopted in spring
significant emissions reduction            used on a number of ship types to        2018. This initial strategy will list
potential. If implemented, these           support the conventional propulsion      possible short-, mid- and long-term
measures could increase efficiency         powered by diesel engines. A recent      measures with possible timelines for
and reduce emissions by 25% to 75%         study commissioned by the European       completion. The idea is that it would
below the current levels.                  Commission identified a market           allow the shipping sector to announce
                                           potential for around 3,700–10,700        its contribution to the international
Moreover, many of these measures           wind propulsion systems installed on     effort under the stocktaking process of
are cost-effective: reduced fuel bills     bulkers and tankers by 2030, creating    the Paris Agreement.
ensure the pay-back of operational         up to 18,000 new jobs.
or investment costs. Non-financial                                                  It is of utmost importance that this
barriers, however, may discourage          In the long run, alternative fuels       strategy clearly defines the sector’s
their implementation.                      could offer further decarbonisation      level of ambition – in other words,
                                           opportunities, as long as these fuels    its emission reduction objective
Recent studies confirm these findings.     come from renewable energy sources.      for the mid- and longer term. This
The following graph (‘marginal                                                      should constitute a fair share
abatement cost curve’) visualises the      AN EMISSIONS REDUCTION                   contribution to the Paris Agreement
emission reduction potential and the       OBJECTIVE FOR MARITIME                   objective to limit global temperature
related costs for a very common ship       TRANSPORT                                increase to well below 2°C above
type – dry bulkers used for example to     By tapping into this tremendous          pre-industrial levels.
transport iron ore or grain. Measures      potential, the shipping sector can
in green are cost-effective and those      contribute its fair share to the global  We invite all stakeholders to actively
in red would trigger net costs for the     efforts to limit climate change. For     contribute to this important work
ships.                                     a sector that is global by nature, the   to ensure the shipping sector’s
                                           most effective way forward is taking     contribution to the global climate
On top of these measures, additional       action at global level through the IMO.  effort. l
reductions could be achieved
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