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Wind technologies: Opportunities and barriers to a low carbon shipping industry

Rehmatulla, N; Parker, S; Smith, T; Stulgis, V; (2015) Wind technologies: Opportunities and barriers to a low carbon shipping industry. Marine Policy 10.1016/j.marpol.2015.12.021. (In press). Green open access

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Abstract

The abatement potential of wind technologies on ships is estimated to be around 10–60% by various sources. To date there has been minimal uptake of this promising technology, despite a number of commercially available solutions that have been developed to harness this free and abundant energy source. Several barriers have been referred to in the literature that inhibit uptake of energy efficiency measures in shipping. This paper provides a systematic analysis of the viability of wind technology on ships and the barriers to their implementation, both from the perspective of the technology providers and technology users (ship owner–operators), using the survey and the deliberative workshop method. The data generated from these methods is analysed using the qualitative content analysis method. The results show that whilst there is renewed interest in wind power, there are several common economic barriers that are hindering the mass uptake of wind technologies. Our analysis shows that third party capital is a plausible solution to overcoming the cost of capital, split incentives and information barriers that have contributed to inhibiting the uptake of wind technology in the shipping industry.

Type: Article
Title: Wind technologies: Opportunities and barriers to a low carbon shipping industry
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.marpol.2015.12.021
Publisher version: http://dx.doi.org/10.1016/j.marpol.2015.12.021
Language: English
Additional information: © 2015 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Keywords: Non-market failures; Market failures; Wind propulsion; Shipping
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/1476647
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