IMO deal will push shipping towards hydrogen fuels
Methanol order book already starting to grow, but ammonia may take longer due to safety concerns
The recent International Maritime Organization (IMO) deal on shipping falls short of aligning the shipping industry with the goals of the Paris Agreement but will do more to encourage the uptake of alternative fuels, according to experts. The 2023 IMO Strategy on Reduction of GHG Emissions from Ships, adopted in early July, significantly increased ambition over the previous 2018 strategy. The IMO agreed on ‘indicative checkpoints’ of reducing emissions by at least 20% (striving for 30%) by 2030 and at least 70% (striving for 80%) by 2040, with net zero being reached by 2050. It also agreed that zero or near-zero greenhouse gas (GHG) emission technologies, fuels and/or energy sources to repre

Also in this section
29 November 2023
Centrica and Mitsubishi agree to explore development of facility at Bord Gais Energy site in Cork
28 November 2023
Clean hydrogen will be one of the next decade’s biggest energy transition growth areas. To meet our net-zero goals, we must prioritise efficiency
24 November 2023
Projects can now bid for the first tranche of funding from the EHB
24 November 2023
Synthetic methane enables delivery of green molecules via existing gas infrastructure, CCO Yves Vercammen tells Dan Feldman, partner at law firm King & Spalding