Liquefied natural gas (LNG) is unlikely to play a significant role in decarbonizing maritime transport, according to a World Bank report. 

Emissions Projections

Ammonia and hydrogen produced from renewable electricity are more promising options as the sector works to cut its emissions to comply with international standards in the coming decades, the bank said.  

The International Maritime Organization (IMO) has established the goal of reducing greenhouse gas emissions (GHG) from shipping by at least 50% below 2008 levels by 2050.

“This represents a major challenge for a sector that is almost entirely dependent on fossil fuels, in particular on heavy fuel oil, a highly viscous residual fuel that resembles tar and contains large amounts of carbon and sulfur,” the World Bank said. 

According...