1、MARITIMEFORECASTTO 2050A deep dive into shippingsdecarbonization journeyEnergy Transition Outlook 2025FOREWORDMaritime decarbonization continues to define our time.With global regulations gaining momentum and industry commitment accelerating,the pathway to net zero is no longer theoretical,its unfol

2、ding in real time.The chal-lenges are complex,but the direction is clear,and the pace of innovation,investment,and collaboration is picking up across certain parts of the value chain.Earlier in 2025,the IMO took a momentous step by approving in principle what may become the most impactful global reg

3、ulation in any industry the Net-Zero Framework(NZF)for shipping.Building on the ambitions laid out in the 2023 IMO GHG Strategy,the NZF introduces the first global pricing mechanism for greenhouse gas emissions,alongside technical requirements for well-to-wake GHG intensity.If adopted in October,thi

4、s regulation will reshape investment decisions,operational strategies,and fuel choices across the industry,and this years Maritime Forecast to 2050 high-lights and analyses its potentially transformative impact.The framework,while groundbreaking,is not without its imperfections,and urgently needs cl

5、arity across several key areas to ensure that all pathways to decarbonization are properly recognized and rewarded.The coming year will be pivotal as the IMO starts laying the groundwork for the supporting guidelines which will determine how effectively the framework can be implemented.Crucially,the

6、 calculation method for the greenhouse gas fuel intensity(GFI)must be finalized to avoid inconsis-tencies and ensure comparability across fuel types.Life Cycle Assessment(LCA)guidelines,including well-to-tank(WtT)values for fossil LNG and other fuels,are essential to ensure that those who are making