Emissions from international shipping could grow between 50% and 250% by 2050, with predictions that 15% of total CO2 emissions will be attributable to maritime. The International Maritime Organization has committed to reduce total GHG emissions of shipping by at least 50% by 2050. In addition, EU regulations stipulate a reduction of at least 40% by 2030. With goals only getting stricter, now is the time to do the work to reduce GHG emissions of your fleet.
The IMO outlined a number of points for reducing GHG emissions in shipping in their 2018 Strategy that could affect your business:
• Reduction of GHG by a minimum 40% by 2030
• 70% reduction of GHG by 2050.
• Short-term measures are to be finalized and agreed between 2018 and 2023
• Possible mid-term measures could be finalized and agreed upon in 2023 and 2030.
• Possible long-term measures could be finalized and agreed beyond 2030.
• Stipulation of improved EEDI Energy Efficiency Design Index, formulated as a requirement for new ships
• Stipulation of EEMP Ship energy efficiency management plan for existing vessels
In addition to IMO measures, EU MRV REGULATION & EU ETS should be taken into account:
• Sept 9 2020 European amendment 1-17 referring to IMO Initial Strategy 2018 in Union law. Companies shall linearly reduce the annual CO2 emissions per transport work by at least 40% by 2030 . Companies who fail to comply with the annual reduction are subject to a financial penalty proportionate to EU ETS.
• EU MRV ‘Monitoring Reporting and Verification of Carbon Dioxide Emissions from Maritime Transport’
• EU ETS economic trends, fuel prices, policy and regulations
SRC provides tailored solutions for GHG reduction requirements that cover the entire project, with a complete package from study, development, design, installation, commissioning, and supporting the system integration.
- Feasibility study with analysis for available solution to achieve the IMO upcoming requirement.
- Guidance/support to apply and obtain available incentives, tax reductions and estimate short ROI.
- Expertise in designing and developing customized tailored solutions for all types of vessels and satisfying customer needs and requests (Technical/Esthetical).
- To achieve the best efficiency, the SRC team of experts can combine and integrate different systems and technologies from numerous manufacturers and suppliers in a single turnkey project/solution.
- Most common solutions: Batteries systems/Shore Connections/VFDs/Energy recovery-ultracapacitors/wind turbines.
A complete solution starts off with a feasibility study analysis to determine the best available solution to achieve compliance with the upcoming IMO requirements. This also includes guidance and support in obtaining various incentives, tax reductions and as short of a ROI as possible.
Subsequent to the initial analysis, SRC will make use of its expertise in designing and developing customized tailored solutions for all types of vessels and accommodating the specific needs of customers, whether they be technical or aesthetical requests. The SRC team of experts can combine and integrate different systems and technologies from numerous manufacturers into a single turnkey project or solution.
Most common solutions include: battery systems, shore electricity connections, VFDs, energy-recovery ultracapacitors and wind turbines - all in the name of reducing emissions.
For example installing ESS electrical storage systems yields three main advantages - firstly a spinning reserve needs less generators to be online. Secondly, peak shaving allows to balance and buffer engine load. Thirdly, optimizing the load points of generators allows for improved efficiency, fuel-saving and reduced maintenance. All in all, it can be a serious step towards zero-emissions operations.
to start sailing your fleet towards a zero-carbon future!