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Assessment of emerging technologies for high-speed-crafts decarbonization under the European Union regulation

Author

Listed:
  • Martínez-López, Alba
  • Marrero, África
  • Romero-Filgueira, Alejandro

Abstract

In order to ensure the Carbon Intensity Indicator (CII) compliance by High-Speed-Crafts (HSCs), this paper provides a quantitative analysis of the techno-economic feasibility of a combined solution with slow steaming and vessels' retrofitting with emerging technologies for their electricity supply. Given the varying introductory dates for the EU Market Based Measures (EU-MBM) application for the outermost regions and remaining zones, both scenarios are analyzed through an application case for inter-island 10,000 GT HSCs in the Canarian Archipelago. The results reveal that the most sustainable solution is the green H2 Fuel-Cells use in HSCs' electricity generation, along with 25.3% speed reduction by maintaining their daily calls. However, this solution is less attractive for shipowners due to its Internal Rate of Return and Marginal Abatement Costs. Additionally, EU-MBM shows a deficient convergence with HSC's pollutant impact when renewable energies and alternative fuels are involved in retrofitting, by evidencing significant over grants, especially for on-shore power supply. Fuel-EU fines prove to be the most influent variable on Net Present Value for HSC retrofitting projects, however the current Fuel-EU architecture motives permanent EU-MBM's divergences among EU regions by prejudicing HSC retrofitting with emerging technologies in the outermost regions.

Suggested Citation

  • Martínez-López, Alba & Marrero, África & Romero-Filgueira, Alejandro, 2024. "Assessment of emerging technologies for high-speed-crafts decarbonization under the European Union regulation," Research in Transportation Economics, Elsevier, vol. 108(C).
    • Handle: RePEc:eee:retrec:v:108:y:2024:i:c:s0739885924000921
    DOI: 10.1016/j.retrec.2024.101497
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