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TABLE OF CONTENTS
Preamble i
Acknowledgements ii
Abbreviations iii
1. International shipping: a key enabler for trade and development, and a
major source of emissions 1
2. The prospects of zero-carbon bunker fuels for decarbonizing shipping 5
3. The role of liquefied natural gas in shipping’s energy transition 9
4. Opportunities for developing countries in zero-carbon shipping 17
5. Conclusions and outlook 23
5.1 Key findings 23
5.2 Implications for policymakers 25
5.3 Implications for industry 27
5.4 Outlook for further work 28
References30
FIGURES
Figure 1: Historical and projected CO emissions from international shipping 3
2
Figure 2: Zero-carbon bunker fuel options for shipping 6
Figure 3: LNG lifecycle pathways 11
Figure 4: Suggested roles for natural gas as a bunker fuel, and as a fuel
feedstock in shipping’s decarbonization 15
Figure 5: Potential realignment of the global bunker fuel market through zero-
carbon shipping 18
Figure 6: Heatmap indicating the potential of countries to produce blue
ammonia/hydrogen for shipping 20
Figure 7: Heatmap indicating the potential for countries to produce green
ammonia/hydrogen for shipping 20
Figure 8: Heatmap indicating the potential for countries to produce blue
ammonia/blue hydro
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