Carbon capture and storage (CCS) is a long-established technology but its profile has grown as a potentially significant solution to achieve rapid decarbonisation. What are the associated risks and opportunities for the shipping industry?
Traditionally, CCS has most often been used for the enhanced recovery of oil from depleted reservoirs. More recently, its profile has grown as a necessary solution to decarbonise hard-to-abate industries such as energy, cement and steel production. Shipping can be added to this, as onboard carbon capture is likely to be required as alternative zero emission fuels are unlikely to be available in the necessary quantities and prices to achieve the IMO’s 2050 and interim targets. That captured CO2 will need transporting from the capture site Continue reading “Carbon capture and storage: Risks and opportunities”
The 2023/2024 Shipping Industry Flag State performance table, published by the International Chamber of Shipping (ICS), indicates continuing positive performance by the vast majority of Flag States which are responsible for the safety and environmental performance of the world’s merchant ships.
