EXCLUSIVE from https://www.euractiv.com
Europe has little to gain from trying to decarbonise the unwieldy shipping sector with liquefied natural gas (LNG), according to a new study that looks into how the EU could cut emissions over the next three decades.
Research by consultants UMAS revealed on Monday (25 June) that pouring billions of dollars into LNG-refuelling capacity for maritime and inland shipping would only yield emission reductions ranging from 6% to 10%.
The study highlighted how half a billion dollars has already been used by the EU to beef up
infrastructure under tools like the Connecting Europe Facility (CEF) and that no notable greenhouse gas emissions (GHGs) have been logged as a result.
Shipping accounted for about 3% of global emissions in 2012 and, on its current trajectory, will contribute between 6% and 14% by 2050 due to increased growth. Eighty percent of global trade is already transported by water.
EU commitments to the UN’s Paris Agreement mean the bloc is targeting 40% GHG reductions by 2030 and a net-zero emissions strategy for mid-century is likely to be released by the end of the year.