Full Title: A Pathway to Decarbonize the Shipping Sector by 2050
Author(s): International Renewable Energy Agency (IRENA)
Publisher(s): International Renewable Energy Agency (IRENA)
Publication Date: October 15, 2021
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Description (excerpt):
Urgent action is needed to accelerate the pace of the global energy transition and the decarbonization of the global economy. International shipping is a key sector of the economy, as much as 90% of worldwide trade is transacted via ocean going vessels. The sector is also one of the most challenging to decarbonize.
In this context, A Pathway to Decarbonize the Shipping Sector by 2050 by the International Renewable Energy Agency (IRENA) analyses the technology readiness of the renewable fuels suitable for international shipping. This report also explores the options and actions needed to progress towards a decarbonized maritime shipping sector by 2050, and seeks to identify a realistic mitigation pathway to reach the climate goal of limiting global temperature rise to 1.5°C and bringing CO2 emissions closer to net zero by mid-century.