DUBLIN, March 28, 2024 /PRNewswire/ — The “Decarbonizing Aviation and Maritime Industries – 2024” report has been added to ResearchAndMarkets.com’s offering.
Aviation and maritime represent two of the most difficult to abate sectors due to their demand for cost-competitive and energy-dense fuels. Due to this requirement, it is likely that both sectors will need to engage with a combination of energy transition technologies to achieve emissions reductions.While the automotive sector experiences a strong growth in demand for electric vehicles, the aviation and maritime sectors have been slow to decarbonize. To incentivize emission reductions, both sectors have set bold net-zero targets. However, according to the IEA, they remain far off track.Aviation and maritime represent two of the most difficult to abate sectors due to their demand for cost-competitive and energy-dense fuels.
Due to this requirement, it is likely that both sectors will need to engage with a combination of energy transition technologies to achieve emissions reductions.This report assesses the suitability of electrification, alternative fuels, hydrogen, and carbon capture, utilization, and storage (CCUS) as energy transition technologies that hold decarbonization potential for both sectors. This report also includes a snapshot of emissions disclosures for both sectors’ biggest companies.For commercial aviation, weight concerns and energy density limitations will restrict electrification to short range or hybrid solutions. Increasing production and cost competitiveness of energy-dense alternative fuels such as sustainable aviation fuels (SAFs) and hydrogen will be key to decarbonizing longer-range flights. The sector is also starting to explore direct air carbon capture to offset its overall emissions.
The maritime sector is well placed to capitalize on all four of the energy transition technologies identified in this report. Biofuels as well as CCUS units fitted to ship exhausts can offer immediate decarbonization. In the long term, ships can be redesigned to increase compatibility with hydrogen (or hydrogen derivatives) and electric propulsion systems. However, the costly nature of these technologies will require substantial policy incentives to drive adoption.Key Highlights
For more information about this report visit https://www.researchandmarkets.com/r/a8q3fa
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