Pathways to Decarbonization of Deep-Sea Shipping: An Aframax Case Study

Abstract

Deep-sea decarbonization remains an enigma as the world scrambles to reduce global emissions. This study looks at near-term decarbonization solutions for deep-sea shipping. Pathways are defined, which are appealing to ship owners and major world economies alike. The economic and environmental viability of several of the most advanced near-term technologies for deep-sea decarbonization are revealed. The environmental analysis suggests the necessity of new emission intensity metrics. The economic analysis indicates that the carbon tax could be a great motivator to invest in decarbonization technologies. Standalone decarbonization technologies can provide a maximum of 20% emissions reduction. Hence, to meet IMO 2050 targets of 50% emissions reduction, several solutions need to be utilized in tandem. This study reaches the conclusion that alternative fuels are the crucial step to achieve a net zero carbon economy, although bunkering, infrastructure, and economic hurdles need to be overcome for the widespread implementation of carbon-neutral fuels.

Keywords

• decarbonization
• deep-sea shipping
• environmental analysis
• economic analysis
• carbon audit