«Problems of economics and management of oil and gas complex»

Decarbonization in the field of international shipping

UDC: 629.5.016.7
DOI: 10.33285/1999-6942-2023-1(217)-60-65

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russia

Keywords: decarbonization, low-carbon bunker fuel, LNG-bunkering, energy efficiency, carbon dioxide emissions, greenhouse gases, shipping

Annotation:

The article discusses the problem of decarbonization in the field of international shipping under the circumstances of intensive and vast usage of marine transport carrying out almost 90 % of all world trade. The transition to low- and zero-carbon marine fuels is predetermined by the implementation of the strategy by the international maritime organization IMO to reduce greenhouse gas (GHG) emissions from international shipping by at least 50 % till 2050, at the same time, pursuing efforts towards phasing them out entirely and to decline the carbon intensity of international transportation by at least 40 % till 2030 and 70 % by 2050 compared to 2008 levels. The authors reveal the facts that the current measures related to strengthening the operational and technical requirements laid to a ship are not enough to achieve the goals of 15 % reduction of LNG emissions from shipping, that’s why the industry regulators forecast the market tools such as bunker levies and CO2 emissions taxes to be engaged. These tools are certain to drive the adoption of low- and zero carbon ship bunker fuels and technologies. The new regulations cause the ship building, shipping, fuel and energy complex to be exposed to the dramatic shifts with an effect on both the markets of marine transportation and bunker supply services. This fact requires determination of the countries that are the leaders in increasing the energy efficiency of marine transport for the purposes to reveal the opportunities for the Russian ports to create LNG bunker supply market due to the offers to meet the rise in the requested demand from the West for the low- and zero-carbon bunker fuels.

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