CARBON NEUTRAL VESSEL #1 OCEAN TECH

regarding carbon neutral for merchant vessel.

Ship Carbon Neutral

Global warming is tightening carbon regulations on ship fuel use.

  • introduction

The following measures are being taken to reduce carbon emissions in the EU shipping industry.

1. European Union Emissions Trading System (ETS):

The ETS, which operates in the European Union, is one of the main policies to reduce carbon emissions. This applies to a number of industrial sectors within the EU, one of which is the ship industry. The ETS allocates carbon emission permits to ship operators of a certain size or larger, and based on this, it limits emissions and gives economic value to carbon emissions. Ship operators can reduce costs associated with emissions by properly managing emissions permits and taking action in the direction of reducing emissions.

2. EU Maritime Fuel (EU Maritime Fuel):

FUELEU MARITIME is a new regulation enacted in the European Union, introduced to regulate and improve fuel use and carbon emissions in the shipping industry. Under the code, the sulphur content of the fuel used by ships in some European ports will be limited from 2023. It is an effort to promote the use of environmentally friendly fuels and reduce emissions of harmful substances such as sulfur oxides. In addition, FUELEU MARITIME requires the reporting of ship fuel usage and carbon emission data and imposes a reporting obligation on ship operators.

These policies and institutions were introduced in Europe as part of efforts to reduce carbon emissions in the shipping industry. This allows ship operators to reduce carbon emissions and shift to a more environmentally friendly way of operating. In addition, these efforts serve to promote climate change response and sustainable ship operations and to set international standards.

  • point

Global ship regulations are also considering similar policies as in Europe.

The International Maritime Organization (IMO)’s Market-Based Measures (MBM) and Global Fuel Sulphur Limit (GFS) are policies and institutions introduced to reduce carbon emissions and protect the environment in the shipping industry.

1. MBM (Market-Based Measures):

The MBM is a market-based measure introduced by the IMO and aims to give economic value to reduce carbon emissions in the shipping industry. MBMs can be implemented in various forms, and the main objective is to provide economic advantages and motivations to ship operators with regard to the charge for carbon emissions. This allows ship operators to promote efforts to reduce carbon emissions and make economically favorable choices. The specific form and implementation method of MBM is currently subject to IMO discussion and negotiation, and will be applied as a policy and regulation in the future.

2. GHG (Greenhouse Gas) Fuel Standard.

It is similar to FuelEU MARITIME, which also considers carbon emissions in the production process from the perspective of LCA (Life Cycle Assesment).

  • Tech

The ship owner is also considering carbon capture technology to reduce greenhouse gases.

Ship carbon capture is a technology that collects and processes carbon dioxide (CO2) generated during ship operation. Ships are recognized as one of the world’s largest sources of carbon emissions, and reducing these emissions is emerging as an important challenge. Ship carbon capture has been noted as one of the solutions to this problem.

Ship carbon capture technology can be implemented in two main ways.

1. Carbon Capture and Storage (CCS): A method of collecting CO2 generated by a ship, converting it into a liquid or gas form, and transporting it to an underground storage area for a long time.

2. Carbon Capture Utilization and Storage (CCU): It is a method of collecting CO2 generated by ships and using it in chemical or industrial processes. Collected CO2 can promote plant growth or be used as a raw material for fuel or chemicals. This method can create value by recycling CO2 and can help with carbon neutrality.

  • conclusion

We looked into the EU’s preemptive carbon emission regulations and IMO’s future regulations. This will force ship owners to contribute to sustainable operations through carbon emissions reduction and environmental protection.