The transition to these e-fuels is not without challenges, but providing the challenges are addressed, carbon-neutral e-fuels offer a sustainable alternative, the report says
December 13, 2019. By News Bureau
According to a report published in alliance with Ricardo and the Environment Defence Fund, plans to cut shipping emissions by at least 50% by 2050, the use of e-fuels will result in decarbonizing the shipping industry.
Shipping transport is responsible for around 2.5% of global greenhouse gas emissions globally as it emits around 940 million tonnes of CO2 annually.
Synthetic fuels created from renewable energy result in decarbonizing the international shipping industry, as per the report.
Hydrogen fuel can be used to produce green ammonia or carbon-based fuels like methanol.
The transition to these e-fuels is not without challenges, but providing the challenges are addressed, carbon-neutral e-fuels offer a sustainable alternative, the report says.
As per the report, Chile is heavily reliant on shipping for both international trades and for domestic transportation and with one of the largest renewable energy capacities in the world, with over 1,200GW of solar potential alone which could possess large untapped resources to unlock investment in new clean energy and infrastructure. Chile can become the South American hub for clean shipping.
International Maritime Organisations can achieve goals of cutting greenhouse gas emissions from shipping by at least 50% by 2050 compared to 2008 levels, if Chile will invest in its renewable energy for shipping.
“Ricardo is pleased to have been able to contribute to this important study on behalf of the Environmental Defence Fund. The report shows that Chile has huge potential to decarbonise not only the shipping sector but its whole economy and implementation of zero-carbon marine fuels can be a driving force. This would also help to increase the country’s energy security and minimise its reliance on fossil fuel imports,” according to Nick Ash, principal consultant of Ricardo’s energy team.
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