The Lloyd’s List Podcast: Does shipping have a gas problem?
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LNG may not be the silver bullet to shipping’s decarbonisation dilemma, but there plenty of owners betting serious money that it offers a safe bet on the path to a greener future. Joining Lloyd’s List editor Richard Meade and markets editor Michelle Wiese Bockmann is, Bryan Comer, a senior researcher at the International Council on Clean Transportation and one of the authors of a report challenging the received wisdom that LNG provides a 20% reduction in greenhouse gas emissions and might actually be more environmentally damaging than conventional fuel options.
LIQUEFIED Natural Gas may contain less carbon per unit of energy than conventional fuels, but that doesn’t necessarily make it a greener choice for shipping.
A new scientific report published this week challenges the received wisdom in the industry that LNG’s green credentials offer a viable transition towards complete decarbonization, arguing that LNG releases more greenhouse gas emissions over a 20 year period than marine gasoil.
The startling conclusions challenge previous reports that have spurred several shipowners into collectively investing billions of dollars in LNG-powered engine technology.
Joining the Lloyd’s List Podcast to discuss the findings of the study is one of the authors, Bryan Comer, a senior researcher at the International Council on Clean Transportation.
Talking to Lloyd’s List editor Richard Meade and markets editor Michelle Wiese Bockmann, Mr Comer argues that rather than being a viable transitional fuel, LNG could be more environmentally damaging than opting for more efficient conventional choices.
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