Reflections on the last meeting of the Marine Environment Protection Committee: the time is ripe for maritime ammonia
To develop sufficient ammonia supply to meet future maritime fuel demands, we face a herculean task. The recent meeting of the IMO’s Marine Environment Protection Committee (MEPC 78) gives us an insight into the key next steps to address financial & regulatory challenges. For the first time, MEPC 78 introduced the idea of a “Zero by 2050” goal for global shipping: a steep change in ambition. The use of funds from mechanisms like carbon pricing to ensure a fair, just and equitable transition, the necessity of high-impact investment to drive the fuel transition, and the adoption of new LCA guidelines in the next twelve months were also discussed. The drive & ambition shown at MEPC 78 indicates that the time is ripe for maritime ammonia to position itself as the fuel of choice for the global shipping industry.
