Europe has already spent half a billion US dollars on natural gas infrastructure for its shipping sector in order to comply with an EU law – and continuing its roll-out is likely to cost governments and investors $22 billion by 2050, a new study has found. Liquified natural gas (LNG) will reduce shipping emissions by just 6%, at most, compared to the replaced diesel fuel, the research by the UMAS consultancy shows.
In light of the recently adopted initial IMO strategy on reduction of GHG emissions and the Paris agreement, there is a need to better understand the potential market for LNG as a marine fuel, bunkering infrastructure investments required and associated risks in the context of shipping GHG reduction. This report attempts to assess the prospective future public and private financial investments by EU member states into LNG port/bunkering infrastructure consistent with EU plans to foster the widespread uptake of LNG as a means of decarbonising the shipping sector up to 2050. EU member states are mandated to set up LNG port infrastructure under the 2014 Alternative Fuels Infrastructure Directive.
Rolling out liquified natural gas (LNG) infrastructure for shipping in Europe would cost $22 billion and deliver, at best, a 6% reduction in ship greenhouse gas emissions by 2050 compared to the replaced diesel, a new independent study for Transport & Environment (T&E) by the UMAS consultancy finds. To date Europe has spent half a billion US dollars on LNG infrastructure for refuelling ships.
A report by two respected climate scientists says the EU’s plans for natural gas as an energy source are incompatible with its commitment to the 2015 Paris climate accord. The report’s authors say Europe has just nine years left to burn fossil fuels at the current rate if global temperatures are to stay below a 2°C increase.
The announcement of new CO2 standards for cars, vans and, for the first time in Europe, trucks forms the centrepiece of the EU’s strategy for low-emission mobility and has been welcomed by Transport & Environment (T&E) as a meaningful step in the fight against climate change. But the Commission’s plan is completely devoid of ambition on cutting emissions from aviation and shipping, the sustainable transport group said.
The overall direction for road transport in today’s leaked draft of the European Commission strategy for low-emission mobility has been welcomed by Transport & Environment (T&E), though the sustainable transport group has urged stronger action on greenhouse gases from international aviation and shipping.
Speech to Informal Council of EU Environment Ministers by Jos Dings, executive director, Transport & EnvironmentAmsterdam, 14 April 2016Thank you Madam President for the invitation and for organising this very timely and relevant event.I represent Transport & Environment, a Brussels-based environmental group specialising in sustainable transport, with 50 member organisations in 27 countries across this beautiful continent.
Increasing the use of natural gas in cars and trucks would be largely ineffective in reducing greenhouse gas (GHG) emissions and air pollution, a new independent study finds. There are no GHG savings in shifting from diesel cars and trucks to compressed or liquefied natural gas (LNG) cars and trucks, while petrol-hybrid, electric and hydrogen cars deliver much greater climate benefits, the study for sustainable transport group Transport & Environment says.