Modelling of the maritime decarbonization
Transition Modeling & Analytics, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
Industry analyses and reports are frequently published containing projections of possible journeys towards reduced or net-zero emissions for the shipping sector. Different model approaches, data and assumptions lead to different projections. Both in terms of the degree of decarbonization reached by 2050 as well as the uptake of different alternative fuels in each analysis. Clarity is needed for investors and asset owners to make informed decisions.
Regulators need an unbiased view of the cost gap between current fossil fuels and alternative fuels – for example when exploring an appropriate market-based measure required to enable the transition. A move towards alternative fuels is not done without a clear understanding of the outlook for such fuels in 10-20-30 years. It requires an understanding of feedstocks, production & conversion processes, transportation, and the required investments in vessels to utilize the alternative energy carriers.
Based on this, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has developed the first version of a techno-economic model to facilitate the navigation of the maritime sector towards its ultimate goal: Full decarbonization. This model is known as NavigaTE.