Environmental-Economic Analysis for Decarbonising Ferries Fleets

Several countries heavily depend on their domestic ferries, the decarbonisation of which are required following the prevailing and forthcoming international and national carbon reduction targets. This study aims to conduct an environmental-economic analysis to identify the impact of three decarbonis...

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Main Authors: Gerasimos Theotokatos, Panagiotis Karvounis, Georgia Polychronidi
Format: Article
Language:English
Published: MDPI AG 2023-11-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/16/22/7466
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author Gerasimos Theotokatos
Panagiotis Karvounis
Georgia Polychronidi
author_facet Gerasimos Theotokatos
Panagiotis Karvounis
Georgia Polychronidi
author_sort Gerasimos Theotokatos
collection DOAJ
description Several countries heavily depend on their domestic ferries, the decarbonisation of which are required following the prevailing and forthcoming international and national carbon reduction targets. This study aims to conduct an environmental-economic analysis to identify the impact of three decarbonisation measures, specifically, hybridisation, liquified natural gas (LNG) and methanol use, for two ferries of different size of a developing country fleet. The study is based on several methodological steps including the selection of key performance indicators (KPIs), the pre-processing of acquired data to identify representative operating profiles, the environmental and economic KPIs calculation, as well as the comparative appraisal of the investigated measures. The required investments for decarbonising the whole domestic fleet of a case country are subsequently estimated and discussed. All the three investigated measures have the potential to reduce CO<sub>2</sub> emissions, however, not beyond the IMO 2030 carbon emissions reduction target. This study provides insights to the involved stakeholders for supporting their decisions pertinent to the domestic ferries sector decarbonisation.
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spelling doaj.art-fea361aac86a44d0b74ecb9513e700132023-11-24T14:39:50ZengMDPI AGEnergies1996-10732023-11-011622746610.3390/en16227466Environmental-Economic Analysis for Decarbonising Ferries FleetsGerasimos Theotokatos0Panagiotis Karvounis1Georgia Polychronidi2Maritime Safety Research Centre, Department of Naval Architecture, Ocean and Marine Engineering, University of Strathclyde, Glasgow G4 0LZ, UKMaritime Safety Research Centre, Department of Naval Architecture, Ocean and Marine Engineering, University of Strathclyde, Glasgow G4 0LZ, UKMaritime Safety Research Centre, Department of Naval Architecture, Ocean and Marine Engineering, University of Strathclyde, Glasgow G4 0LZ, UKSeveral countries heavily depend on their domestic ferries, the decarbonisation of which are required following the prevailing and forthcoming international and national carbon reduction targets. This study aims to conduct an environmental-economic analysis to identify the impact of three decarbonisation measures, specifically, hybridisation, liquified natural gas (LNG) and methanol use, for two ferries of different size of a developing country fleet. The study is based on several methodological steps including the selection of key performance indicators (KPIs), the pre-processing of acquired data to identify representative operating profiles, the environmental and economic KPIs calculation, as well as the comparative appraisal of the investigated measures. The required investments for decarbonising the whole domestic fleet of a case country are subsequently estimated and discussed. All the three investigated measures have the potential to reduce CO<sub>2</sub> emissions, however, not beyond the IMO 2030 carbon emissions reduction target. This study provides insights to the involved stakeholders for supporting their decisions pertinent to the domestic ferries sector decarbonisation.https://www.mdpi.com/1996-1073/16/22/7466decarbonisationmethanolLNGenvironmental-economic analysismarine engines
spellingShingle Gerasimos Theotokatos
Panagiotis Karvounis
Georgia Polychronidi
Environmental-Economic Analysis for Decarbonising Ferries Fleets
Energies
decarbonisation
methanol
LNG
environmental-economic analysis
marine engines
title Environmental-Economic Analysis for Decarbonising Ferries Fleets
title_full Environmental-Economic Analysis for Decarbonising Ferries Fleets
title_fullStr Environmental-Economic Analysis for Decarbonising Ferries Fleets
title_full_unstemmed Environmental-Economic Analysis for Decarbonising Ferries Fleets
title_short Environmental-Economic Analysis for Decarbonising Ferries Fleets
title_sort environmental economic analysis for decarbonising ferries fleets
topic decarbonisation
methanol
LNG
environmental-economic analysis
marine engines
url https://www.mdpi.com/1996-1073/16/22/7466
work_keys_str_mv AT gerasimostheotokatos environmentaleconomicanalysisfordecarbonisingferriesfleets
AT panagiotiskarvounis environmentaleconomicanalysisfordecarbonisingferriesfleets
AT georgiapolychronidi environmentaleconomicanalysisfordecarbonisingferriesfleets