Why Shipping Is Shifting Toward Electrification and Alternative Fuels

This presentation examines the factors driving the shipping industry toward decarbonization, including electrification and alternative fuels. It highlights how advances in lithium-ion battery technology and mounting international pressure to cut greenhouse gas emissions are accelerating this transition.

■ Drivers of Decarbonization in Shipping
- Battery technology improvements: falling costs, better performance, and an improved safety record for lithium-ion batteries over the past three and a half decades
- Why these gains in cost-to-performance make battery technology accessible to the shipping sector
- Global regulatory and institutional pressure to reduce greenhouse gas emissions in maritime transport
■ Shipping's Climate Footprint
- International shipping's estimated emissions for 2024, measured in CO2 equivalent
- How shipping's share compares with total global emissions and with the economies of individual countries

If you work in logistics, maritime transport, energy, or sustainability, or you simply want to understand what is behind the move toward cleaner shipping, this overview offers useful context and a clearer picture of the forces at work.