Economic effect in shipping companies due to decarbonization
Master Thesis
Author
Stamou, Marina
Στάμου, Μαρίνα
Date
2021-10Advisor
Polemis, DionisiosΠολέμης, Διονύσιος
View/ Open
Abstract
During the last years, many organizations have raised awareness and underlined the need to protect the environment. The International Maritime Organization (IMO), as the global regulator of the shipping industry, has attempted over the years to enact regulations that will help reduce environmental pollution from shipping. For this reason, the IMO Marine Environment Protection Committee (MEPC) has decided to aim to reduce the emission of gaseous pollutants, in particular carbon, by 40% by 2030 and by at least 50% by 2050, making those involved wanting to find a long-term solution rather than something temporary.
Τhe process of carbonization is a complex process that affects all involved and not just shipowners, as producers and suppliers are responsible for their fuel and quality, manufacturers and for the new technologies the manufacturers and the shipyards are responsible. Without significant investment in research and development by these stakeholders, the shipping industry will remain carbon dependent.
In summary, shipping companies are called upon to choose the best solution, in their opinion, in order to achieve this goal. This dissertation aims to analyze the carbon footprint of shipping and will analyze some of the available options available to shipowners such as LNG, hydrogen and ammonia.