Publication:
Charting a Course for Decarbonizing Maritime Transport: Summary for Policymakers and Industry

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dc.contributor.authorEnglert, Dominik
dc.contributor.authorLosos, Andrew
dc.date.accessioned2021-04-14T18:31:00Z
dc.date.available2021-04-14T18:31:00Z
dc.date.issued2021-04-15
dc.description.abstractAs the backbone of global trade, international maritime transport connects the world and facilitates economic growth and development, especially in developing countries. However, producing around three percent of global greenhouse gas (GHG) emissions and emitting around 15 percent of some of the world’s major air pollutants, shipping is a major contributor to climate change and air pollution. To mitigate its negative environmental impact, shipping needs to abandon fossil-based bunker fuels and turn to zero-carbon alternatives. This report, the “Summary for Policymakers and Industry,” summarizes recent World Bank research on decarbonizing the maritime sector. The analysis identifies green ammonia and hydrogen as the most promising zero-carbon bunker fuels within the maritime industry at present. These fuels strike the most advantageous balance of favorable features relating to their lifecycle GHG emissions, broader environmental factors, scalability, economics, and technical and safety implications. The analysis also identifies that LNG will likely only play a limited role in shipping’s energy transition due to concerns over methane slip and stranded assets. Crucially, the research reveals that decarbonizing maritime transport offers unique business and development opportunities for developing countries. Developing countries with large renewable energy resources could take advantage of the new and emerging future zero-carbon bunker fuel market, estimated at over $1 trillion, to establish new export markets while also modernizing their own domestic energy and industrial infrastructure. However, strategic policy interventions are needed to hasten the sector’s energy transition.en
dc.identifierhttp://documents.worldbank.org/curated/en/680021617997493409/Charting-a-Course-for-Decarbonizing-Maritime-Transport
dc.identifier.doi10.1596/35436
dc.identifier.urihttps://hdl.handle.net/10986/35436
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINTERNATIONAL SHIPPING
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectZERO-CARBON FUEL
dc.subjectBUNKER FUEL
dc.subjectMARITIME TRANSPORT
dc.subjectDECARBONIZING MARITIME TRANSPORT
dc.subjectLIQUEFIED NATURAL GAS
dc.subjectLNG
dc.titleCharting a Course for Decarbonizing Maritime Transporten
dc.title.subtitleSummary for Policymakers and Industryen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/35435 Potential of Zero-Carbon Bunker Fuels
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/35437 Role of LNG in the Transition Toward Low- and Zero-Carbon Shipping
okr.crossref.titleCharting a Course for Decarbonizing Maritime Transport
okr.date.disclosure2021-04-15
okr.date.doiregistration2025-05-07T11:35:13.544641Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.guid680021617997493409
okr.identifier.report158015
okr.language.supporteden
okr.topicTransport::Transport Economics Policy and Planning
okr.topicEnergy::Energy and Environment
okr.topicEnergy::Fuels
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicEnvironment::Climate Change and Environment
okr.topicEnvironment::Marine Environment
okr.unitSCCAO
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