In order to limit the rise in global temperature by 1.5°C by 2050, the international shipping industry needs to both lower its energy consumption and decarbonize in line with net zero ambitions. In 2050, the industry will have to transition from using fossil fuels—namely heavy fuel oil and very low sulfur fuel oil—to relying on renewable fuels—such as e-ammonia, e-methanol, and electricity.
Consumption of energy by the shipping industry worldwide in 2020, with a forecast through 2050 in the 1.5°C Scenario, by fuel type
(in exajoule)
Characteristic
HFO/VLSFO
MGO
Avanced biofuels
LNG
E-ammonia
e-Methanol
Hydrogen
Electricity
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Statista. (February 18, 2023). Consumption of energy by the shipping industry worldwide in 2020, with a forecast through 2050 in the 1.5°C Scenario, by fuel type (in exajoule) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1367296/energy-demand-global-shipping-industry-by-fuel-15-scenario/
Statista. "Consumption of energy by the shipping industry worldwide in 2020, with a forecast through 2050 in the 1.5°C Scenario, by fuel type (in exajoule)." Chart. February 18, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1367296/energy-demand-global-shipping-industry-by-fuel-15-scenario/
Statista. (2023). Consumption of energy by the shipping industry worldwide in 2020, with a forecast through 2050 in the 1.5°C Scenario, by fuel type (in exajoule). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1367296/energy-demand-global-shipping-industry-by-fuel-15-scenario/
Statista. "Consumption of Energy by The Shipping Industry Worldwide in 2020, with a Forecast through 2050 in The 1.5°c Scenario, by Fuel Type (in Exajoule)." Statista, Statista Inc., 18 Feb 2023, https://www.statista.com/statistics/1367296/energy-demand-global-shipping-industry-by-fuel-15-scenario/
Statista, Consumption of energy by the shipping industry worldwide in 2020, with a forecast through 2050 in the 1.5°C Scenario, by fuel type (in exajoule) Statista, https://www.statista.com/statistics/1367296/energy-demand-global-shipping-industry-by-fuel-15-scenario/ (last visited August 24, 2024)
Consumption of energy by the shipping industry worldwide in 2020, with a forecast through 2050 in the 1.5°C Scenario, by fuel type (in exajoule) [Graph], Statista, February 18, 2023. [Online]. Available: https://www.statista.com/statistics/1367296/energy-demand-global-shipping-industry-by-fuel-15-scenario/
