To summarize relevant regulations and current status based on the understanding of characteristics of biofuels for ships and explain factors to be considered when biofuels are used in ships, including characteristics and prospects in terms of biofuel production
Topic: Energy
The Poseidon Principles: 2023 Annual Disclosure Report
The Poseidon Principles, embraced by 80% of global ship finance, have aligned with the IMO’s net-zero emissions ambition by 2050, reflecting a commitment to climate action and transparency in maritime lending decisions. Despite industry challenges, such as port congestion and personnel shortages, the principles have shown significant progress in decarbonization efforts, with a +95.4% reporting percentage indicating growing industry recognition of the importance of transparency and collaboration in achieving sustainability goals. The publication of the 2023 Annual Disclosure Report highlights the shipping finance sector’s leadership in fostering a more sustainable future for the maritime industry.
Commercial Readiness of Absolute Zero GHG Technologies
ZESTAs’ paper discusses findings from the MARIN NL Model for ESSF SAPS, which compares various marine fuels’ greenhouse gas emissions over a 100-year Global Warming Potential (GWP), noting that some fuels produce 0% emissions over this period. Only technologies reaching at least demonstration stage (TRL7 or higher) are considered. Additionally, references are made to Technology Readiness Levels (TRLs) and Commercial Readiness Levels (CRLs) following expanded definitions presented to ISWG-GHG 14 by IMO Secretariat, DNV, and Ricardo plc on 22nd March 2023.
Analysis on interaction of CII with GFS: Calibrating IMO energy efficiency and fuels targets
To recommend effective strategies for the shipping sector to achieve the IMO emission reduction targets
Carbon Accounting for Sustainable Biofuels
To examine the challenges related to the carbon intensity of biofuels and emphasize the importance of transparent and science-based carbon accounting for sustainable biofuels. This report seeks to identify the factors contributing to the variability of lifecycle GHG emissions, particularly land use changes, and provides insights into regulatory frameworks across different regions. The goal is to propose pragmatic and performance-based policies that foster continuous improvement and attract necessary investments, thus ensuring the large-scale deployment of biofuels aligns with climate goals.
Exploring the technical feasibility of carbon capture onboard ships
To assess the technical feasibility of implementing carbon capture systems on ships to help reduce CO2 emissions, particularly concentrating on both retrofit and newbuild vessels.
Frequently Asked Questions on the application of latest international marine fuel quality standard ISO 8217:2024
To address the FAQs from ship operators regarding the application of the latest international marine fuel quality standard, ISO 8217:2024
To provide insights into the significant changes made in the 7th edition and guide marine fuel buyers in understanding and applying the updated standards
CIMAC Guideline ISO 8217:2024-FAQs
To provide answers to FAQs regarding the ISO 8217:2024 marine fuel specifications, focusing on clear and systematic explanations of the key changes in the new standard, and particularly, addressing questions about the inclusion of higher percentages of biofuel in fuels.
Alternative Fuels Insight
To provide insight into the future transition of international shipping to alternative fuels, focusing on achieving net-zero GHG emissions by 2050.
To offer guidance on selecting the appropriate alternative fuels and addressing the technical, economic, and regulatory factors involved in making informed decisions.
Marginal abatement cost curves for CO2 emission reduction from shipping to 2050
To present the most detailed marginal abatement cost curves (MACCs) for CO2 emission reduction in the global shipping fleet from 2025 to 2050.
To evaluate the costs and CO2 reduction potential of over 50 measures and various fuel systems, providing insights into achieving decarbonization goals in line with global regulatory strategies.