Report

The Potential of Zero-Carbon Bunker Fuels in Developing Countries

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collection.link.96
https://openknowledge.worldbank.org/handle/10986/2204
collection.name.96
Other Infrastructure Study
dc.contributor.author
Englert, Dominik
dc.contributor.author
Losos, Andrew
dc.contributor.author
Raucci, Carlo
dc.contributor.author
Smith, Tristan
dc.date.accessioned
2021-04-14T18:15:42Z
dc.date.available
2021-04-14T18:15:42Z
dc.date.issued
2021-04-15
dc.date.lastModified
2021-05-18T19:42:33Z
dc.description.abstract
To meet the climate targets set forth in the International Maritime Organization’s Initial GHG Strategy, the maritime transport sector needs to abandon the use of fossil-based bunker fuels and turn toward zero-carbon alternatives which emit zero or at most very low greenhouse gas (GHG) emissions throughout their lifecycles. This report, “The Potential of Zero-Carbon Bunker Fuels in Developing Countries”, examines a range of zero-carbon bunker fuel options that are considered to be major contributors to shipping’s decarbonized future: biofuels, hydrogen and ammonia, and synthetic carbon-based fuels. The comparison shows that green ammonia and green hydrogen strike the most advantageous balance of favorable features due to their lifecycle GHG emissions, broader environmental factors, scalability, economics, and technical and safety implications. Furthermore, the report finds that many countries, including developing countries, are very well positioned to become future suppliers of zero-carbon bunker fuels—namely ammonia and hydrogen. By embracing their potential, these countries would be able to tap into an estimated $1+ trillion future fuel market while modernizing their own domestic energy and industrial infrastructure. However, strategic policy interventions are needed to unlock these potentials.
en
dc.identifier
http://documents.worldbank.org/curated/en/110831617996384433/Potential-of-Zero-Carbon-Bunker-Fuels-in-Developing-Countries
dc.identifier.uri
http://hdl.handle.net/10986/35435
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
DECARBONIZING MARITIME TRANSPORT
dc.subject
BUNKER FUEL
dc.subject
AMMONIA AND HYDROGEN
dc.subject
BIOFUEL
dc.subject
SYNTHETIC FUEL
dc.subject
ZERO-CARBON FUEL
dc.subject
GREENHOUSE GAS EMISSIONS
dc.subject
AIR QUALITY
dc.subject
BLUE AMMONIA
dc.subject
GREEN AMMONIA
dc.subject
RENEWABLE ENERGY
dc.subject
NATURAL GAS
dc.title
The Potential of Zero-Carbon Bunker Fuels in Developing Countries
en
dc.type
Report
en
okr.associatedcontent
https://openknowledge.worldbank.org/handle/10986/35437 Role of LNG in the Transition Toward Low- and Zero-Carbon Shipping
okr.associatedcontent
https://openknowledge.worldbank.org/handle/10986/35436 Charting a Course for Decarbonizing Maritime Transport
okr.date.disclosure
2021-04-15
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.googlescholar.linkpresent
yes
okr.identifier.report
158013
okr.language.supported
en
okr.region.country
Brazil
okr.region.country
India
okr.region.country
Malaysia
okr.region.country
Mauritius
okr.topic
Transport :: Transport Economics Policy and Planning
okr.topic
Energy :: Fuels
okr.topic
Environment :: Air Quality & Clean Air
okr.topic
Environment :: Climate Change Mitigation and Green House Gases
okr.topic
Environment :: Marine Environment
okr.unit
SCCAO

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