A1 Refereed original research article in a scientific journal
Cost competitiveness of alternative maritime fuels in the new regulatory framework
Authors: Solakivi Tomi, Paimander Aleksi, Ojala Lauri
Publisher: PERGAMON-ELSEVIER SCIENCE LTD
Publication year: 2022
Journal: Transportation Research Part D: Transport and Environment
Journal name in source: TRANSPORTATION RESEARCH PART D-TRANSPORT AND ENVIRONMENT
Journal acronym: TRANSPORT RES D-TR E
Article number: 103500
Volume: 113
Number of pages: 19
ISSN: 1361-9209
eISSN: 1879-2340
DOI: https://doi.org/10.1016/j.trd.2022.103500
Web address : https://doi.org/10.1016/j.trd.2022.103500
Self-archived copy’s web address: https://research.utu.fi/converis/portal/detail/Publication/177208658
Shipping emissions are expected to grow together with world trade. For this reason, the European Union is targeting shipping emissions both by penalizing the use of fossil fuels and by creating incentives for the shipping sector to increase the role of alternative fuels. This research presents an estimate of when and with what assumptions low-carbon and carbon-neutral maritime fuels will be competitive against fossil fuels, while also examining what will be the cost impact on an individual vessel. The results show that the prices of low-carbon and carbon-neutral fuels are likely to remain high compared with fossil fuels, here assuming the currently planned regulation. The planned regulation, together with the estimated fuel price developments, will significantly increase fuel costs. The cost-optimal fuel path complying with the planned regulation is from fossil fuels via biofuels to electrofuels.
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