Shipping executives from across the sector have set out an industry roadmap to decarbonise shipping in a report published by Shell and Deloitte.
Out of the 82 shipping executives asked, 95% view decarbonisation as important or a top-three priority and nearly 80% noted that its importance had increased significantly over the past three months.
Huibert Vigeveno, downstream director of Shell, said: “We know that shipping is one of the harder sectors to decarbonise, which is why we are working with our customers and the wider industry to identify possible solutions.
“This report shows the urgent effort required by industry to reduce carbon emissions. It stems from Shell’s own ambition to be a net-zero emissions energy business by 2050 or sooner.”
The report prioritised five solutions to be implemented over the next two to three years that could speed up progress.
The top five were: scaling up customer demand, aligning the International Maritime Organisation (IMO) and local regulatory bodies, cross-sector research & development, scaling up controlled pilot projects and a coordinated industry commitment.
Additionally, operational efficiency was identified as the foundation for the transition process, enabling reduced emissions from the current fleet through accelerated implementation of operational measures.
Research for the report coincided with the COVID-19 pandemic across the globe, taking place between January and June 2020, yet Shell’s shipping & maritime vice president Grahaeme Henderson was encouraged by the industry’s engagement.