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Implementation Barriers to Low Carbon Shipping

Rehmatulla, N; Smith, T; (2012) Implementation Barriers to Low Carbon Shipping. Presented at: Low Carbon Shipping Conference 2012, Newcastle. Green open access

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Abstract

Energy costs represent around 60-70% of operating costs of a ship and with the fuel price soaring to record levels, energy efficiency is once again becoming top of the agenda/priority for many shipping companies. Numerous cost effective energy efficient options/measures (technologies for new and existing ships and operations) have been identified for improving energy efficiency of ships. Analysis from industry leading experts and recognized bodies e.g. Faber et al. (2009), Buhaug et al. (2009), Det Norske Veritas (2009), IMO (2010), has so far shown substantial (e.g. up to 30%) unrealised abatement potential using options that often appear to be cost-negative at current fuel prices. Apart from the shortcomings of the analysis (e.g. risk representation, heterogeneity & hidden costs) failure to realise this potential (the energy efficiency gap) could be attributable to various market barriers and failures. This paper draws on findings of a survey conducted of shipping companies around the issue of barriers in shipping operations and analysis undertaken with the global shipping system model (GloTraM). These findings are used for the analysis of barriers and failures that have been discussed in other sectors and are analysed in the context of the shipping industry.

Type: Conference item (UNSPECIFIED)
Title: Implementation Barriers to Low Carbon Shipping
Event: Low Carbon Shipping Conference 2012
Location: Newcastle
Dates: 2012-09-11 - 2012-09-12
Open access status: An open access version is available from UCL Discovery
Language: English
Keywords: Barriers, Energy efficiency, Shipping, Survey, Modelling
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources
URI: https://discovery.ucl.ac.uk/id/eprint/1450788
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