One of the main takeaways from the discussions is the need to create and develop a good regulatory environment to encourage and sustain investments in zero emission. As explained by Bart Verboomen, Head of DEME Group’s Technical Department during his presentation at the event:
“Boosting energy transition in shipping is about creating incentives and recognition for upstream enablers like investors in plants and renewable electricity installation equipment needed for the production of green fuels, and also operators of distribution vessels bringing the green fuels to main hubs of shipping activities like ports.”
The biggest share of investments needed for maritime decarbonisation lies in the land-based infrastructure and production facilities for low or zero carbon fuels, which make up around 87% of the total investment. The other 13% (~ US$130-182 billion) of the investments needed are related to the ships themselves, which include the machinery and onboard storage required for a ship to run on low carbon fuels in newbuilds and, in some cases, for retrofits. In order to accelerate the green transition of the sector, a specific maritime fund is required. |