The investments needed to fully decarbonize the shipping industry by 2050 can be broken down into two major types: ship-related and land-based investments. Land-based investments refer to all the processes needed to produce, store, and distribute ammonia (NH3) and its precursor, hydrogen. Thanks to its high competitiveness, ammonia is assumed to be the future clean fuel of choice in the shipping industry. About 90 percent of the investments are thus assumed to be land-based, while only 13 percent are related to ships. The estimated aggregate costs for decarbonisation by 2050 amount to 1.65 trillion U.S. dollars.
Breakdown of the investment costs needed to fully decarbonize the international shipping industry by 2050, by type
The source adds the following note: "Decarbonisation by 2050 scenario assuming a mix of NH3 production methods (SMR+ CCS and electrolysis). Investment costs up to 2050 capex only."
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Global Maritime Forum. (January 20, 2020). Breakdown of the investment costs needed to fully decarbonize the international shipping industry by 2050, by type [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1098035/decarbonization-investments-shipping-industry/
Global Maritime Forum. "Breakdown of the investment costs needed to fully decarbonize the international shipping industry by 2050, by type." Chart. January 20, 2020. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1098035/decarbonization-investments-shipping-industry/
Global Maritime Forum. (2020). Breakdown of the investment costs needed to fully decarbonize the international shipping industry by 2050, by type. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1098035/decarbonization-investments-shipping-industry/
Global Maritime Forum. "Breakdown of The Investment Costs Needed to Fully Decarbonize The International Shipping Industry by 2050, by Type." Statista, Statista Inc., 20 Jan 2020, https://www.statista.com/statistics/1098035/decarbonization-investments-shipping-industry/
Global Maritime Forum, Breakdown of the investment costs needed to fully decarbonize the international shipping industry by 2050, by type Statista, https://www.statista.com/statistics/1098035/decarbonization-investments-shipping-industry/ (last visited November 23, 2024)
Breakdown of the investment costs needed to fully decarbonize the international shipping industry by 2050, by type [Graph], Global Maritime Forum, January 20, 2020. [Online]. Available: https://www.statista.com/statistics/1098035/decarbonization-investments-shipping-industry/
