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The Lloyd’s Register Maritime Decarbonisation Hub’s October 2023 update of the Zero Carbon Fuel Monitor appraises the readiness levels of seven key candidate fuels/energy sources across the fuel supply chains from perspectives of technology, investment and community readiness: ammonia, biodiesel (FAME), electrification, hydrogen, methane, methanol, and nuclear energy.
This report presents insights derived from the latest update of readiness levels within the Zero Carbon Fuel Monitor, offering an overview of trends, priorities and recommended actions to drive the adoption of zero-carbon fuels in the shipping industry.
In the report, specific supply chain actors have been identified who can act upon these priorities. However, tackling these cannot be achieved through individual efforts or action in isolation within the shipping industry. The report observes the interconnectedness of all stakeholders and underscores the need for collective action to drive forward and accelerate the transition.