Net Zero Industry Tracker 2024 Shipping

Shipping industry net-zero tracker5 Long-term emissions reduction relies on clean hydrogen fuels like ammonia and methanol, while short-term solutions include LNG and biofuels. –Increased vessel size, improved design efficiency and operational changes like slow steaming have contributed to emission intensity reduction. Efficiency improvements in the short term are also enablers for the long-term transition. –Continued reliance on fossil fuels remains a major barrier, as they make up nearly all the fuel mix in the sector. 2%1%1% Increase in absolute CO2 emissions (2022-2023)Increase in emission intensity (2022-2023)Increase in demand (2022-2023) Net-Zero Industry Tracker: 2024 Edition 1