![]() ![]() There is a pressing need for reliable non-fossil fuels to support emission reductions, particularly in the maritime and aviation sectors. Remi Eriksen, Group President and CEO at DNV said: “Our Transport in Transition report highlights the challenges facing the industry and where further policies and investments are urgently needed to fast-track decarbonization of the transport sector. Remi Eriksen, Group President and CEO at DNV At the other end of the spectrum, regions including Sub Saharan Africa and North East Eurasia remain far away from establishing the infrastructure and producing the quantities of renewable electricity required to decarbonize road transport. In parallel, those regions are investing in hydrogen and hydrogen-based fuels as the most promising option for moving heavy goods over long distances. Regions such as Europe, North America and Greater China are frontrunners in the uptake of battery electric vehicles (BEVs). Electricity will obtain only a 4% share, from short sea shipping and port stays for larger vessels. By 2050, it will likely transition from being almost entirely oil-based to an energy mix comprising of 50% low- and zero-carbon fuels, 19% natural gas and 18% biomass. Conversely, the consumption of oil within aviation will be virtually flat to 2050, with hydrocarbons set to have a 60% share in the sector in the same year.ĭriven by the decarbonization push, the fuel mix in the maritime sector will also change significantly over the coming decades. Road transport leads the way in reducing reliance of fossil fuels, falling from 38 million barrels per day (bpd) today, to 19 million bpd in 2050, reducing share from 91% to 57%. Today, transport of passengers and goods accounts for about a quarter of global energy-related CO 2 emissions, a share that will grow to 30% by 2050. Opportunities to accelerate change through pilot projects and uptake of alternative energy need to be seized as soon as possible. The report draws on DNV’s system dynamics-based Energy Transition Outlook model and explores the vast changes in fuels, electricity and infrastructure needed to transport ever-larger numbers of people and volumes of freight while at the same time decarbonizing the sector.ĭespite oil demand in the transport sector forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement. Electricity’s share in transport will grow from 1% today to 23% in 2050, according to DNV’s latest Transport in Transition report.ĭNV’s Transport in Transition report is a deep dive into the energy transition of transport – the most dynamic of the energy demand sectors through to 2050. Strong policies are needed to ensure necessary decarbonization to hydrogen and sustainable biofuel.Įlectricity is continuing to gain traction in previously thought to be hard-to-electrify sectors including heavy trucking and aviation. Oil has staying power in aviation and maritime.Maritime sector energy mix will comprise 50% low- and zero carbon fuels in 2050.Transport of passengers and goods currently accounts for about a quarter of global energy-related CO 2 emissions and will grow to 30% by 2050.Transport has a severe emission challenge, its share of overall emissions grows from 25% today to 30% by 2050 as large part of the transport system will remain fossil fuel dependent.Media Newsroom Statements Events Blogs: Energy in transition Sector insights Maritime Power and renewables Oil and gasĭNV Group About us Corporate governance Research & development Joint Industry Projects DNV Ventures Sustainability Annual reportīusiness areas Maritime Energy Systems Business Assurance Supply Chain & Product Assurance Digital Solutions Veracity data platformĬareers Overview Job opportunities Career development Why DNV? Meet our people Diversity & inclusion Ship management, operations and ship design.Reliability, availability and maintainability (RAM).Electric grid performance and reliability. ![]() Offshore classification – fleet in service.Digital monitoring of medium-voltage cable networks.DNV forecasts oil demand in transport sector to half by 2050 Corporate Sectors Services Insights About us Sign in Sign in to Veracity Open menu Open search ![]()
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