Decarbonization of international shipping: perspectives and challenges
Master Thesis
Author
Kouvatsou, Despoina Vasiliki
Κουβάτσου, Δέσποινα Βασιλική
Date
2022-05View/ Open
Keywords
Decarbonization ; IMO regulations ; Environment ; GHG emissions reductionAbstract
The purpose of this dissertation is to discuss one of the most crucial topics in modern shipping industry which is the road towards shipping decarbonization. International maritime industry is a major part of the global economy. However, vessels release emissions that contribute to air pollution and finally result to the problem of global warming. Reducing these emissions is a key factor to keep the environment safe, healthy and limit climate change.
In 2018, the IMO announced the initial strategy to reduce greenhouse gas (GHG) emissions. The strategy outlines an ambition to halve international shipping GHG emissions by 2050, while reducing CO₂ emissions by at least 40% by 2030, and pursuing efforts towards 70% by 2050. Following the latest IMO rules, we discuss the main causes of marine pollution and what are the main measures that need to be implemented to achieve that target. We will also discuss their advantages along with the obstacles that their implementation will bring to all parties involved in the green transition of international shipping.