About the project
Subtitle: Assessing the State of Carbon Emissions in Maritime Shipping Through Big Data Analysis
Maritime is essential to the global economy, transporting 90% of the world’s goods by volume. It is also a major source of greenhouse gas emissions, with the International Maritime Organization (IMO) estimating that maritime shipping accounts for 3% of global carbon dioxide emissions. While 3% may seem small, it is important to note that this is a rapidly growing sector. Without action, maritime shipping contribution to carbon emissions can increase up to10-13% in the next few decades. Due to this fact, there is a growing global effort to reduce emissions from this sector.
In accordance with sustainable Development Goal 13, in 2018, the initial strategy was adopted by IMO’s Environmental Protection Committee (MEPC), during its 72nd session at IMO Headquarters in London, United Kingdom. According to this strategy, the IMO will work towards reducing the total annual greenhouse gas emissions from international shipping by at least 50% by 2050 compared to 2008. In 76th session MEPC in 2021, serval mandatory measures were adopted to reduce greenhouse gas emissions from international shipping, which will help in achieving the goal of reducing emissions by 50% by 2050. One of the important measures is the carbon intensity indicator (CII). Maritime shipping is a complex and highly volatile system, generating very large data sets. Big data analytics can be used to understand the complex system and make informed decisions. It can facilitate operations such as monitoring of emission and predictive analysis of vessel performance. This can help in reducing emissions and improving the efficiency of the maritime sector.
Project members
Freddy Thobani
About the client
Astrup Fearnley
Supervisor
Lucian Nicolae Mihet