The following article is an op-ed piece authored by Nicolas Degorce , Sustainability Project Lead at Bureau Veritas, who explains how the shipping industry can reduce its carbon dioxide emissions now while waiting for other decarbonization techniques to become widely available.
Shipping has a fuel consumption problem. However, in recent years, the industry has introduced a number of comprehensive GHG intensity regulations to mitigate this issue, whilst compelling shipowners to operate on sustainable fuels. Despite this effort, shipping is struggling to implement its decarbonization transition, with sustainable fuels being much more expensive and much less available than their fossil counterparts.