LNG isn't such a 'green' fuel, is it?
Campaign group Transport & Environment has a point when it points out that for all its costs, LNG will not reduce shipping greenhouse gas by that much
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
IT IS not often I find myself agreeing with campaign group Transport & Environment (T&E). But I have to say it has a point, to an extent, when it argues that natural gas is a "US$22 billion distraction for European Union (EU) shipping that won't decarbonise the sector".
T&E had commissioned an independent EU-focused study, done by the UMAS consultancy, which notes that Europe has so far spent US$500,000,000 on LNG infrastructure for refuelling ships; it also notes that LNG bunkering infrastructure for shipping in Europe will eventually cost US$22 billion and deliver, at best, a 6 per cent reduction in ship greenhouse gas (GHG) emissions by 2050, compared to the diesel it will replace.
The findings are relevant beyond Europe. LNG bunkering projects are underway around the world, including in Singapore.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
