Requirements for a maritime transition in line with the Paris Agreement
Summary: The shipping industry is a hard-to-abate sector in today’s society. Although past studies have looked at levels of carbon pricing, fuel savings, and the upscaling of green fuel availability separately, we combine these critical parameters for a green transition of the shipping industry to s...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-12-01
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| Series: | iScience |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2589004222019022 |
| _version_ | 1811187598370013184 |
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| author | Sebastian Franz Nicolas Campion Sara Shapiro-Bengtsen Rasmus Bramstoft Dogan Keles Marie Münster |
| author_facet | Sebastian Franz Nicolas Campion Sara Shapiro-Bengtsen Rasmus Bramstoft Dogan Keles Marie Münster |
| author_sort | Sebastian Franz |
| collection | DOAJ |
| description | Summary: The shipping industry is a hard-to-abate sector in today’s society. Although past studies have looked at levels of carbon pricing, fuel savings, and the upscaling of green fuel availability separately, we combine these critical parameters for a green transition of the shipping industry to show what it takes to reach sectoral emissions reduction targets in line with the Paris Agreement. We utilize a least-cost optimization model drawing on data on, e.g., emissions with lifecycle elements and the costs of green fuel production. We find that reaching maritime reduction targets for a green transition requires high growth rates for green fuel availability, carbon pricing beyond 300EUR/tCO2eq, and at least 50% in fuel demand savings compared to today’s demand projection for 2050. The results show the importance of immediate climate action if maritime emissions reduction goals are to be achieved. |
| first_indexed | 2024-04-11T14:06:08Z |
| format | Article |
| id | doaj.art-aa43c06516104e37b99717a637938e43 |
| institution | Directory Open Access Journal |
| issn | 2589-0042 |
| language | English |
| last_indexed | 2024-04-11T14:06:08Z |
| publishDate | 2022-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | iScience |
| spelling | doaj.art-aa43c06516104e37b99717a637938e432022-12-22T04:19:53ZengElsevieriScience2589-00422022-12-012512105630Requirements for a maritime transition in line with the Paris AgreementSebastian Franz0Nicolas Campion1Sara Shapiro-Bengtsen2Rasmus Bramstoft3Dogan Keles4Marie Münster5Technical University of Denmark, Department of Technology, Management and Economics, Energy Economics and Modelling, Kongens Lyngby, Denmark; Corresponding authorTechnical University of Denmark, Department of Technology, Management and Economics, Energy Economics and Modelling, Kongens Lyngby, DenmarkTechnical University of Denmark, Department of Technology, Management and Economics, Energy Economics and Modelling, Kongens Lyngby, DenmarkTechnical University of Denmark, Department of Technology, Management and Economics, Energy Economics and Modelling, Kongens Lyngby, DenmarkTechnical University of Denmark, Department of Technology, Management and Economics, Energy Economics and Modelling, Kongens Lyngby, DenmarkTechnical University of Denmark, Department of Technology, Management and Economics, Energy Economics and Modelling, Kongens Lyngby, DenmarkSummary: The shipping industry is a hard-to-abate sector in today’s society. Although past studies have looked at levels of carbon pricing, fuel savings, and the upscaling of green fuel availability separately, we combine these critical parameters for a green transition of the shipping industry to show what it takes to reach sectoral emissions reduction targets in line with the Paris Agreement. We utilize a least-cost optimization model drawing on data on, e.g., emissions with lifecycle elements and the costs of green fuel production. We find that reaching maritime reduction targets for a green transition requires high growth rates for green fuel availability, carbon pricing beyond 300EUR/tCO2eq, and at least 50% in fuel demand savings compared to today’s demand projection for 2050. The results show the importance of immediate climate action if maritime emissions reduction goals are to be achieved.http://www.sciencedirect.com/science/article/pii/S2589004222019022Energy managementEnergy modelingEnergy policyEnergy resourcesEnergy sustainability |
| spellingShingle | Sebastian Franz Nicolas Campion Sara Shapiro-Bengtsen Rasmus Bramstoft Dogan Keles Marie Münster Requirements for a maritime transition in line with the Paris Agreement iScience Energy management Energy modeling Energy policy Energy resources Energy sustainability |
| title | Requirements for a maritime transition in line with the Paris Agreement |
| title_full | Requirements for a maritime transition in line with the Paris Agreement |
| title_fullStr | Requirements for a maritime transition in line with the Paris Agreement |
| title_full_unstemmed | Requirements for a maritime transition in line with the Paris Agreement |
| title_short | Requirements for a maritime transition in line with the Paris Agreement |
| title_sort | requirements for a maritime transition in line with the paris agreement |
| topic | Energy management Energy modeling Energy policy Energy resources Energy sustainability |
| url | http://www.sciencedirect.com/science/article/pii/S2589004222019022 |
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