Carbon capture, energy efficiency and green fuels are the roadmap to net zero by 2050. That’s the pathway outlined by the 2023 Outlook, Beyond the Horizon: View of the Emerging Value Chains, the latest industry-leading research from ABS into shipping’s progress on the green-energy transition.
Released at the ABS Sustainability Summit during London International Shipping Week, the report examines in depth the carbon, ammonia and hydrogen value chains. It concludes that the industry will need to accelerate investment in carbon capture technology, energy-efficiency technologies and new fuels to achieve net zero by 2050.
“Our findings show there is a significant amount of work to be done between now and 2050 if we hope to hit net zero. But crucially, our research shows it can be done and maps out a pathway for the industry to get there,” said Christopher J. Wiernicki, ABS chairman and CEO. “Simply put, for shipping’s CO2 emissions to reach n