The Potential of Zero-Carbon Bunker Fuels in Developing Countries

To meet the climate targets set forth in the International Maritime Organization’s Initial GHG Strategy, the maritime transport sector needs to abandon the use of fossil-based bunker fuels and turn toward zero-carbon alternatives which emit zero or at most very low greenhouse gas (GHG) emissions thr...

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Main Authors:	Englert, Dominik, Losos, Andrew, Raucci, Carlo, Smith, Tristan
Format:	Report
Published:	World Bank, Washington, DC 2021
Subjects:	DECARBONIZING MARITIME TRANSPORT BUNKER FUEL AMMONIA AND HYDROGEN BIOFUEL SYNTHETIC FUEL ZERO-CARBON FUEL GREENHOUSE GAS EMISSIONS AIR QUALITY BLUE AMMONIA GREEN AMMONIA RENEWABLE ENERGY NATURAL GAS
Online Access:	http://documents.worldbank.org/curated/en/110831617996384433/Potential-of-Zero-Carbon-Bunker-Fuels-in-Developing-Countries http://hdl.handle.net/10986/35435

id	okr-10986-35435
recordtype	oai_dc
spelling	okr-10986-354352021-12-16T15:53:12Z The Potential of Zero-Carbon Bunker Fuels in Developing Countries Englert, Dominik Losos, Andrew Raucci, Carlo Smith, Tristan DECARBONIZING MARITIME TRANSPORT BUNKER FUEL AMMONIA AND HYDROGEN BIOFUEL SYNTHETIC FUEL ZERO-CARBON FUEL GREENHOUSE GAS EMISSIONS AIR QUALITY BLUE AMMONIA GREEN AMMONIA RENEWABLE ENERGY NATURAL GAS To meet the climate targets set forth in the International Maritime Organization’s Initial GHG Strategy, the maritime transport sector needs to abandon the use of fossil-based bunker fuels and turn toward zero-carbon alternatives which emit zero or at most very low greenhouse gas (GHG) emissions throughout their lifecycles. This report, “The Potential of Zero-Carbon Bunker Fuels in Developing Countries”, examines a range of zero-carbon bunker fuel options that are considered to be major contributors to shipping’s decarbonized future: biofuels, hydrogen and ammonia, and synthetic carbon-based fuels. The comparison shows that green ammonia and green hydrogen strike the most advantageous balance of favorable features due to their lifecycle GHG emissions, broader environmental factors, scalability, economics, and technical and safety implications. Furthermore, the report finds that many countries, including developing countries, are very well positioned to become future suppliers of zero-carbon bunker fuels—namely ammonia and hydrogen. By embracing their potential, these countries would be able to tap into an estimated $1+ trillion future fuel market while modernizing their own domestic energy and industrial infrastructure. However, strategic policy interventions are needed to unlock these potentials. 2021-04-14T18:15:42Z 2021-04-14T18:15:42Z 2021-04-15 Report http://documents.worldbank.org/curated/en/110831617996384433/Potential-of-Zero-Carbon-Bunker-Fuels-in-Developing-Countries http://hdl.handle.net/10986/35435 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research Brazil India Malaysia Mauritius
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	DECARBONIZING MARITIME TRANSPORT BUNKER FUEL AMMONIA AND HYDROGEN BIOFUEL SYNTHETIC FUEL ZERO-CARBON FUEL GREENHOUSE GAS EMISSIONS AIR QUALITY BLUE AMMONIA GREEN AMMONIA RENEWABLE ENERGY NATURAL GAS
spellingShingle	DECARBONIZING MARITIME TRANSPORT BUNKER FUEL AMMONIA AND HYDROGEN BIOFUEL SYNTHETIC FUEL ZERO-CARBON FUEL GREENHOUSE GAS EMISSIONS AIR QUALITY BLUE AMMONIA GREEN AMMONIA RENEWABLE ENERGY NATURAL GAS Englert, Dominik Losos, Andrew Raucci, Carlo Smith, Tristan The Potential of Zero-Carbon Bunker Fuels in Developing Countries
geographic_facet	Brazil India Malaysia Mauritius
description	To meet the climate targets set forth in the International Maritime Organization’s Initial GHG Strategy, the maritime transport sector needs to abandon the use of fossil-based bunker fuels and turn toward zero-carbon alternatives which emit zero or at most very low greenhouse gas (GHG) emissions throughout their lifecycles. This report, “The Potential of Zero-Carbon Bunker Fuels in Developing Countries”, examines a range of zero-carbon bunker fuel options that are considered to be major contributors to shipping’s decarbonized future: biofuels, hydrogen and ammonia, and synthetic carbon-based fuels. The comparison shows that green ammonia and green hydrogen strike the most advantageous balance of favorable features due to their lifecycle GHG emissions, broader environmental factors, scalability, economics, and technical and safety implications. Furthermore, the report finds that many countries, including developing countries, are very well positioned to become future suppliers of zero-carbon bunker fuels—namely ammonia and hydrogen. By embracing their potential, these countries would be able to tap into an estimated $1+ trillion future fuel market while modernizing their own domestic energy and industrial infrastructure. However, strategic policy interventions are needed to unlock these potentials.
format	Report
author	Englert, Dominik Losos, Andrew Raucci, Carlo Smith, Tristan
author_facet	Englert, Dominik Losos, Andrew Raucci, Carlo Smith, Tristan
author_sort	Englert, Dominik
title	The Potential of Zero-Carbon Bunker Fuels in Developing Countries
title_short	The Potential of Zero-Carbon Bunker Fuels in Developing Countries
title_full	The Potential of Zero-Carbon Bunker Fuels in Developing Countries
title_fullStr	The Potential of Zero-Carbon Bunker Fuels in Developing Countries
title_full_unstemmed	The Potential of Zero-Carbon Bunker Fuels in Developing Countries
title_sort	potential of zero-carbon bunker fuels in developing countries
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/110831617996384433/Potential-of-Zero-Carbon-Bunker-Fuels-in-Developing-Countries http://hdl.handle.net/10986/35435
_version_	1764483028584759296

The Potential of Zero-Carbon Bunker Fuels in Developing Countries

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