CLARISSA LINS/BRUNA MASCOTTE/RAFAEL PATROCÍNIO
Energy transition in the maritime sector
Opportunities and challenges in the face of carbon and sulfur emission reduction
Seaborne trade accounts for 80% of global physical trade, 2% of global CO2 emissions and 13% of global sulfur emissions. In this context, the IMO imposed a reduction in sulfur concentration from 3.5% to 0.5% by 2020. Additionally, IMO set the goal to reduce greenhouse gas emissions in the sector by at least 50% by 2050, in comparison to the 2008 level.
CEBRI’s Infrastructure and Energy Program with the support of the Royal Norwegian Consulate in Rio de Janeiro organized an event on July 11th, 2019 to discuss the energy transition in the maritime sector. Catavento’s team was responsible to consolidate the discussions, with additional inputs from the literature.
The paper describes the actions from the maritime sector to comply with IMO’s regulation in the short-term and how it will impact the energy sector. In this sense, the study also analyzes how Brazil is positioned to thrive in this environment. Finally, the future paths of the maritime industry towards decarbonization are also detailed.
Download the paper below.
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