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ARTICLE · 15 AUGUST 2024

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Can Biofuels Help Shipping Achieve A Greener Future?

Potter Clarkson LLP
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Currently, the emissions produced by the shipping industry are the same as the aviation industry. Put into context, this is roughly equivalent to the entire output of Germany.

United KingdomTransport
Andrew Tindall
Andrew Tindall
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Currently, the emissions produced by the shipping industry are the same as the aviation industry. Put into context, this is roughly equivalent to the entire output of Germany. More worryingly, this set to rise along with increasing demand for global merchant shipping.

At current growth rates, shipping could be responsible for as much as 10% of greenhouse gas emissions by 2050. At the same time, the decreasing availability of light crude oil, and stricter marine fuel regulations around sulphur content in cheap 'bunker fuel' oils have produced even more incentive to find cleaner, competitively priced marine fuels.

WHAT PART CAN BIOFUELS PLAY TO GIVE SHIPPING A GREENER FUTURE?

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