As a transport fuel, hydrogen has already become a solution for road transport, powering fuel cells in cars, buses and trucks, and will soon generate electricity in ships. Work is under way to overcome some of the key challenges facing hydrogen as a fuel. DNV GL is involved in various projects and studies that are looking at ways to support the development and resolve some of the safety, regulatory and technical issues.
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an effort the banks say will substantially cut CO2 emissions in the industry.
The banks will set their new lending standards around the International Maritime Organization’s 2018 climate commitment, which seeks to reduce CO2 emissions by at least 50% from 2008 levels by 2050 and to cut emissions from individual ships by 40% from 2008 levels by 2030.
Alabama’s historic Gee’s Bend Ferry recently re-entered service after being converted from geared-diesel to become the first zero-emission, electrically powered passenger/car ferry in the USA.
The European innovation project FLAGSHIPS has been awarded €5m (US$5.6m) from the EU to support the deployment of two commercially operated zero-emission hydrogen fuel cell vessels in France and Norway. The project started on January 1, 2019 and the ships will start operation in 2021.