Ian TaylorA new report from the NGO Solutions for Our Climate (SFOC) has claimed that the global fleet of LNG carriers is responsible for enabling 12.7 billion metric tonnes of carbon dioxide equivalent (CO₂e) emissions every year.
In a statement issued today (13 May) SFOC said: ‘The estimated footprint attributed to LNG carriers covers both direct emissions from vessel operations and the far larger enabled emissions across the LNG lifecycle, including stages from extraction, liquefaction and maritime transportation to regasification and final combustion.
‘While shipping companies typically disclose operational emissions, they fail to report the much larger lifecycle emissions of the LNG they transport. This creates a significant accountability gap in global greenhouse gas (GHG) inventories.’
SOFC added that: ‘The LNG shipping industry is rapidly expanding. The global fleet has tripled to 1,032 vessels since 2014, with an additional 324 under construction and expected to operate for at least 30 years. This surge in orders raises concerns about potential stranded assets and an oversaturated freight market.’
Click here to access the SOFC report, No Room for More: Why LNG Carriers are a Climate and Financial Risk.
Image: Shutterstock
Rhys Berry
