DNV Report Highlights Technological Innovations as Key to Maritime Sector’s Emission Reductions

DNV Report Highlights Technological Innovations as Key to Maritime Sector’s Emission Reductions

(IN BRIEF) DNV’s latest “Maritime Forecast to 2050” report emphasizes the critical role of technological advancements, particularly in energy efficiency and digitalization, in achieving the International Maritime Organization’s (IMO) 2030 decarbonization goals. As carbon-neutral fuels remain scarce, the report stresses the importance of reducing energy consumption and leveraging new technologies to cut emissions. It also highlights the potential of onboard carbon capture (OCC) and shore power to reduce reliance on costly fuels. The report projects significant cost increases for maritime transport but suggests that strategic investments in energy-efficient technologies will be crucial for the industry’s future success.

(PRESS RELEASE) BÆRUM, 31-Aug-2024 — /EuropaWire/ — In a recent report, DNV highlights the critical role that technological advancements will play in reducing emissions within the maritime sector. The 2024 edition of the “Maritime Forecast to 2050” emphasizes the necessity of energy efficiency and digital technologies to achieve the International Maritime Organization’s (IMO) goal of reducing greenhouse gas (GHG) emissions by 20% by 2030. As carbon-neutral fuels remain scarce, the report underscores the importance of developing technologies that can significantly cut energy consumption and emissions.

DNV Maritime CEO Knut Ørbeck-Nilssen noted that despite a current slowdown in decarbonization efforts, the industry is on the brink of significant technological innovation that will propel progress. He stressed the need for strategic investments in energy efficiency and digital solutions to manage rising operational costs while meeting decarbonization targets.

The report also presents various scenarios for the maritime industry’s path toward decarbonization, projecting substantial cost increases across different vessel types. For example, container vessel transportation costs could rise by 91-112%, depending on the scenario. Additionally, reducing energy consumption by up to 16% across the global fleet could save 40 million tons of fuel and cut 120 million tons of CO2 emissions, equivalent to the impact of operating thousands of ships on carbon-neutral fuel.

Onboard carbon capture (OCC) is identified as a promising solution for continuing the use of conventional fuels while significantly reducing emissions. However, the necessary CO2 handling infrastructure requires further development. The report also advocates for the adoption of shore power and batteries to decrease reliance on expensive carbon-neutral fuels.

Furthermore, digitalization is highlighted as a key factor in enhancing energy efficiency measures. Data-driven insights into vessel performance are essential for designing the next generation of energy-efficient ships, which will be crucial for the maritime sector’s long-term sustainability.

Eirik Ovrum, Principal Consultant and Lead Author of the report, emphasized that these technological advancements and strategic decisions will be vital in navigating the rising costs associated with decarbonizing the shipping industry.

Media Contact:

Margrethe Andersen
Head of External Communications, Maritime
margrethe.andersen@dnv.com
Phone: +47 47 68 22 89

SOURCE: DNV