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Shipping could by 2030 cut emissions by 30%, at zero-cost

Tor Svensen, COO DNV Maritime today introduced the press to the groundbreaking results of a new study depicting how the shipping industry, by 2030, could cut emissions by 30%. The results were presented onboard the Viking Lady, the world’s first commercial ship with a fuel cell adapted to marine use installed onboard, while docked in Copenhagen. The good news; the scenario implies a zero-cost for the industry.

Major reduction potential with existing technologies
The study, which is a follow-up of the abatement curve launched by DNV during Norshipping in June depicting the reduction potential of the existing world fleet, looks at the reduction potential of both the existing fleet and newbuildings.

“What we have here is a model that looks at the potential of a range of reduction measures; from more efficient voyage execution to speed reduction and the employment of fuel cells on board the ships. The results are quite encouraging; if the shipping industry starts acting now and applies the available cost-efficient technologies, emissions can be reduced considerably. Without additional costs incurred. By doing this we can go a long way in meeting some of the tough requirements already set. Also those currently being debated in Copenhagen,” says Mr. Svensen.

Even higher emission reduction at incremental costs
The study looks at ships from all market segments, both from the existing fleet and new buildings projected to be built in the years to come. The results show that shipping, compared to a projected baseline (where no measures are applied) of 1,530 million tons of CO2, could cut emissions by 30% by 2030 at zero-cost. This equals a reduction in emissions of 500 million tons of CO2. The study also shows that the emission reduction potential would increase to 50% if all identified measures costing up to 100 $/tonne CO2 were implemented.

Regulations and tighter enforcement still needed
The study suggests that where emission reduction and sound economic rationale pull in the same direction, widespread implementation of cost-effective measures will come over time. Enforcement through regulatory means could, however, be necessary where the economic pull is weaker. “While there is no silver bullet which could make it all happen, the aggregated effect of all measures are significant and will ensure an industry that operates in a more energy efficient manner and also takes its share of the common responsibility of reducing carbon emissions,” Mr. Svensen says.

Published 22.12.2009

Fusion energy technology progresses at Tampere
Published 04.06.2010
VTT and Tampere University of Technology (TUT) are responsible for the development of remote maintenance systems for the world’s most challenging energy project, ITER. Experience using full-scale test equipment has been positive, and the work continues.
Global Forum for Maintenance and Asset Management Inaugurated
Published 02.06.2010
The inaugural meeting of the Global Forum on Maintenance and Asset Management (GFMAM) was held at Verona, Italy. The founding members brought the organisation into existence at a formal signing ceremony. GFMAM is now officially an organisation incorporated under Swiss Law. The vision of GFMAM is “To be a worldwide community of organizations providing leadership for asset management & maintenance communities.”
Euromaintenance 2010 in Verona was a success
Published 27.05.2010
The most important European event on maintenance and asset management, bi-annual Euromaintenance congress and exhibition was held in Verona Italy on May 12th to May 14th. In the three days totally than 113 professional papers were presented to. The 20th consecutive event was organized by the European Federation of National Maintenance Societies (EFNMS) with the local organizers, AIMAN, EIOM and Veronafiere.
Erwin Bovyn wins Euromaintenance Incentive Award
Published 21.05.2010
VERONA, 12-06-2010 - During the opening ceremony of Euromaintenance 2010, the biennial Maintenance Congress & Exhibition, the Euromaintenance incentive Award was granted to Erwin Bovyn.
New: National content in MaintWorld - Croatian pages!
Published 23.04.2010
National maintenance societies within EFNMS have an option to publish their own pages as the attachment of MaintWorld.
MaintWorld 1/2010 is out!
Published 23.04.2010
The new issue of MaintWorld has been published. It is available for all maintenance and asset management professionals through Internet and in paper copy.
Invest in tomorrow today - MAINTAIN 2010
Published 26.03.2010
2010 is a important anniversary for MAINTAIN: The International Trade Fair for Industrial Maintenance at the M,O,C, in Munich is celebrating its fifth birthday from October 12 – 14. Norbert Bargmann, Deputy CEO of Messe München GmbH: "We have given the European maintenance industry a home. That is why we look back over the past five years with pride. After all, to some degree MAINTAIN can be credited with the fact that industrial maintenance is now recognized for what it is, i.e. as an independent, strong and future-oriented branch of industry. We are pleased for the chance to continue this journey with our exhibitors."
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Wednesday 29.09.2010
Maintenance, Condition Monitoring and Diagnostics 2010
Thursday 30.09.2010
Maintenance, Condition Monitoring and Diagnostics 2010
Tuesday 12.10.2010
Maintain 2010, October 12 – 14, Munich, Germany