The Lloyd’s Register (LR) Maritime Decarbonization Hub’s Zero Carbon Fuel Monitor Report provides an overview of trends, priorities and recommended actions to drive the adoption of zero-carbon fuels in the shipping industry. Key trends include technology advancements in ammonia, global growth in green hydrogen production, expanding ports and bunkering infrastructure, and increasing momentum for green methanol. Five key priority areas for driving the transition to zero-carbon fuels include developing demand profiles, sustainable resources, scale-up policy consistency, research, and education, as well as technology advancement.
The report emphasizes the need for collaboration, both within the shipping industry and across sectors. Technology readiness for crucial zero-carbon fuels is on the rise, although significant obstacles remain in terms of investment and community preparedness. These challenges likely pertain to the adoption and integration of zero-carbon fuels in various industries.