17 min
Pressure and Propulsion Aronnax
-
- Business
Links to stories:
The cost of decarbonisation
Nigel Topping on the need for governments to align their message on decarbonisation:
Podcast transcript
Hello and welcome to another episode of the Aronnax show, the podcast powered by Fathom World and hosted by me, Crag Eason.
Later in the programme we will hear from Orestis Schinas from innovative ship finance firm HHX.Blue who has estimated for the EU funded wind assisted ship propulsion project, the potential value of the wind assist propulsion technology market as ships all around the world face the challenge of meeting the targets set for shipping’s immediate carbon intensity reduction.
CLIP
At Fathom World I focus on the transformation of the shipping maritime and ocean space, but undoubtedly the most exciting part is keeping track of the changing technologies and solutions that are becoming available to help shipping become a cleaner industry.
Shipowners around the world face some excruciatingly difficult decisions in the coming years, and I mean the coming four or five years as expectations rise to reduce CO2 emissions and then decarbonise.
Political pressure is mounting.
Here’s Nigel Topping, who is the UK high level champion for climate change for the next UNFCCC COP meeting which will be in Glasgow at the end of this year.
“So, it seems to me that we clearly, very rapidly moving to convergence on agreeing that a transition to zero is feasible within the scientific required timeframe by 2050. All signs are pointing to hydrogen and ammonia being the most promising fuels. Zero emission fuels being ready by 2024, ready to order by 2022 - those dates seem to be coming forward every time - I'm not steeped in shipping – but every time I dip in, we seem to be getting more confident we can go faster.
And I think the rapid increase in greenhouse commitments from both governments and private sector players is encouraging. We have a large number of cargo owners in The Race to Zero, but we need to have more shipowners so far only, only, only the only container shipping is Maersk, we need more players along the value chain more commitments from ports and from fuel manufacturers so that we can drive that near term collaboration across industry and government to drive the pace needed.
Finally, long term, we've got to have a level playing field. And that I think it's going to mean that some sort of carbon levy or similar forcing mechanism. And there the IMO role is going to be critical. And the discussions at the MEPC in June, on the proposals from the Marshall and Solomon Islands will be, I think, an important opportunity for the IMO to indicate its commitment to playing an active role in the transition to net zero.
I know that a lot of people are looking to the IMO to show that leadership and are sceptical at that moment, because I feel I haven't seen it. So I would encourage all governments to make sure that your IMO delegations are sending a clear message on the need for rapidly increased ambition. We can't continue to have one set of ambition communicated through climate ministries and a separate one through transport ministries”.
That is Nigel Topping The UK high level champion on climate change for the next UNFCCC COP meeting in Glasgow towards the end of the year.
He was talking during a World Bank webinar to explain two recent papers the Bank has recently commissioned and published. One looks at the benefits for developing countries of a decentralised fuel network as shipping turns to fuels such as hydrogen and ammonia that can be made using renewable electricity and not the hydrocarbons of today which are controlled by a powerful few.
The second papers outlined explained its views that shipping is heading down a dead end if it continues to order ships powered by LNG. This report is more controversial and has been criticised by groups who say that hydrogen and ammonia fuel and engines that can burn the fuel will not be available in the short term.
Nig
Links to stories:
The cost of decarbonisation
Nigel Topping on the need for governments to align their message on decarbonisation:
Podcast transcript
Hello and welcome to another episode of the Aronnax show, the podcast powered by Fathom World and hosted by me, Crag Eason.
Later in the programme we will hear from Orestis Schinas from innovative ship finance firm HHX.Blue who has estimated for the EU funded wind assisted ship propulsion project, the potential value of the wind assist propulsion technology market as ships all around the world face the challenge of meeting the targets set for shipping’s immediate carbon intensity reduction.
CLIP
At Fathom World I focus on the transformation of the shipping maritime and ocean space, but undoubtedly the most exciting part is keeping track of the changing technologies and solutions that are becoming available to help shipping become a cleaner industry.
Shipowners around the world face some excruciatingly difficult decisions in the coming years, and I mean the coming four or five years as expectations rise to reduce CO2 emissions and then decarbonise.
Political pressure is mounting.
Here’s Nigel Topping, who is the UK high level champion for climate change for the next UNFCCC COP meeting which will be in Glasgow at the end of this year.
“So, it seems to me that we clearly, very rapidly moving to convergence on agreeing that a transition to zero is feasible within the scientific required timeframe by 2050. All signs are pointing to hydrogen and ammonia being the most promising fuels. Zero emission fuels being ready by 2024, ready to order by 2022 - those dates seem to be coming forward every time - I'm not steeped in shipping – but every time I dip in, we seem to be getting more confident we can go faster.
And I think the rapid increase in greenhouse commitments from both governments and private sector players is encouraging. We have a large number of cargo owners in The Race to Zero, but we need to have more shipowners so far only, only, only the only container shipping is Maersk, we need more players along the value chain more commitments from ports and from fuel manufacturers so that we can drive that near term collaboration across industry and government to drive the pace needed.
Finally, long term, we've got to have a level playing field. And that I think it's going to mean that some sort of carbon levy or similar forcing mechanism. And there the IMO role is going to be critical. And the discussions at the MEPC in June, on the proposals from the Marshall and Solomon Islands will be, I think, an important opportunity for the IMO to indicate its commitment to playing an active role in the transition to net zero.
I know that a lot of people are looking to the IMO to show that leadership and are sceptical at that moment, because I feel I haven't seen it. So I would encourage all governments to make sure that your IMO delegations are sending a clear message on the need for rapidly increased ambition. We can't continue to have one set of ambition communicated through climate ministries and a separate one through transport ministries”.
That is Nigel Topping The UK high level champion on climate change for the next UNFCCC COP meeting in Glasgow towards the end of the year.
He was talking during a World Bank webinar to explain two recent papers the Bank has recently commissioned and published. One looks at the benefits for developing countries of a decentralised fuel network as shipping turns to fuels such as hydrogen and ammonia that can be made using renewable electricity and not the hydrocarbons of today which are controlled by a powerful few.
The second papers outlined explained its views that shipping is heading down a dead end if it continues to order ships powered by LNG. This report is more controversial and has been criticised by groups who say that hydrogen and ammonia fuel and engines that can burn the fuel will not be available in the short term.
Nig
17 min