Despite estimated efficiency improvements of 40% by 2050, CO2 emissions in the sector are still expected to increase by 50%-250% in that same timeframe. Meanwhile, IMO targets outline carbon intensity reductions of 40% by 2030, 70% by 2050, and zero emissions before 2100. As a significant source of global pollution, it’s critical for the sector to identify flexible and scalable solutions to support decarboniz
ation now and in the future.