{"id":119066,"date":"2023-11-30T07:54:28","date_gmt":"2023-11-30T05:54:28","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/shipping-sector-faces-significant-decarbonization-challenges-few-alternative-fuel-options-high-costs\/"},"modified":"2023-11-30T07:54:28","modified_gmt":"2023-11-30T05:54:28","slug":"shipping-sector-faces-significant-decarbonization-challenges-few-alternative-fuel-options-high-costs","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/shipping-sector-faces-significant-decarbonization-challenges-few-alternative-fuel-options-high-costs\/","title":{"rendered":"Shipping Sector Faces \u2018Significant Decarbonization Challenges\u2019: Few Alternative Fuel Options, High Costs"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/119066\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>According to a recent report from Sustainable Fitch, the maritime shipping industry is struggling to decarbonize as alternative fuel options are reportedly economically unviable and remain in early stages of development. While many shipping companies have made net-zero commitments for 2050, the report expresses concerns over the lack of short-term decarbonization plans and suggests increased green bond issuance and policy incentives towards sector-wide emissions reductions.<\/p>\n<p>Maritime transport, which accounts for about 2% to 3% of global emissions and covers around 80% of global trade volume, has faced rising pressures from companies looking to decarbonize their supply chains. The industry also faces risks associated with climate change-caused weather events, further increasing costs and requiring adaptation investments. Compared to road, rail, and especially air shipping, maritime shipping is currently the least carbon-intensive shipping option. This may reportedly lead to companies increasing the use of maritime shipping as they switch away from the other, more carbon-intensive options in the near term. The report explains that shipping companies working to decarbonize may experience a competitive advantage as demand increases.<\/p>\n<p>Alternative fuels, such as methanol, hydrogen, and ammonia, are considered the best option at present for decarbonizing the industry, but retrofitting ships to enable them to use such fuels along with the high price of fuels themselves makes companies reluctant to make the switch. Partially due to the high costs associated with alternative fuels, shipping companies have been slow to make short-term targets towards net zero goals. The report explains that shipping companies have also been slow to issue green bonds that could finance emissions reductions toward these goals.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.environmentenergyleader.com\/2023\/11\/shipping-sector-faces-significant-decarbonization-challenges-few-alternative-fuel-options-high-costs\/\">Environment Energy Leader<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/3-439\/\">Shipping Sector Faces \u2018Significant Decarbonization Challenges\u2019: Few Alternative Fuel Options, High Costs<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[12462,575,1562,4391],"class_list":["post-119066","post","type-post","status-publish","format-standard","hentry","category-news","tag-decarbonization","tag-environmental-news-en","tag-shipping","tag-supply-chain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/119066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=119066"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/119066\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=119066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=119066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=119066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}