Green Transition
As pressures build globally to find solutions to moderate climate change, the Green Transition
will cause fundamental change to shipping, trade, offshore and energy.
"We are committed to providing data and intelligence to help
frame the critical decisions that stakeholders across our
industry will need to make to facilitate the Green Transition."
- Steve Gordon,
Managing Director, Clarksons Research
Explore the broader Clarksons Group offering around the Green Transition
2.4%
shipping's share of
global CO2 emissions
Fuelling Transition
The shipping industry produces some 850m tonnes of CO2 per year, 2.4% of global emissions. Progress has been made in reducing emissions and shipping remains the most carbon efficient mode of transport, but further accelerated decarbonisation strategies are needed, with Fuel Transition central.
Through offerings such as our World Fleet Register, we help with understanding of new and complex environmental regulation, track the uptake of alternative fuels and energy saving technologies (ESTs) across the world fleet, assess the impact technology and regulation on vessel earnings & value and market supply/demand, and project transition scenarios that meet emission reduction targets.
Energy Transition
Some 40% of the fleet is involved in energy transportation. Our data, modelling and insights provide a framework for understanding how the Energy Transition may impact the maritime 'universe'.
At our Shipping to 2030 and Offshore to 2030 forums, we present this framework to our clients, discussing the timing of "peak" fossil fuel usage and how trade flows may be impacted.
4.5 bn tonnes
energy commodities traded by sea globally (2019)
x 25
potential increase in offshore renewable power generation by 2050
Offshore Transition
Today, offshore oil and gas fields produce 17% of the world's energy supply. While we continue track this important segment, our coverage also extends to providing data and intelligence around rapidly growing Offshore Renewables. Growing at 23% per year and providing electricity for an additional 5 million homes across Europe in 2019, the Offshore Transition is gathering pace.
Latest Research
Our Graph of the Week shows annual global energy production across two scenarios: "Gradual Transition" and "Rapid Decarbonisation", split out into energy supply sectors most relevant for our shipping 'universe'.
Part of a much broader body of work and a host of assumptions, it helps to provide a framework for understanding some of the important challenges (and opportunities) the shipping industry faces with its cargo base, changes in offshore activity and in reducing its own emissions footprint through fuel transition, technology and regulation.
Global Energy Production by Source
