Applying the MaritimeGCH model for Greek shipping and its relevance to the Sustainable Development Goals (SDGs)
Date Issued
January 2025
Abstract
The maritime sector faces multiple techno-economic, environmental and development
challenges, requiring careful investment decisions. Several of these challenges and
factors are related to the Sustainable Development Goals (SDGs). The need for holistic
solutions that can address these considerations simultaneously is becoming increasingly
pressing. In this chapter we present the application of a free, open-source Investment
Decision Support Tool, called MaritimeGCH, to the Greek fleet as a case study
example. The model aims to optimize the fleet composition (based on the minimization
of the total costs) under techno-economic, environmental, operational factors and
European environmental regulations. After the model description, a presentation on its
application, directly and indirectly relevant to various SDGs, including: cleaner fuel
mixes (SDG7 on Energy), new ships and technologies (SDG9 on Industry), policies for
more environmental-friendly shipping (SDG13 on Climate Action and SDG14 on life
below water), and meeting shipping demands (SDG8 on Economic Growth).
challenges, requiring careful investment decisions. Several of these challenges and
factors are related to the Sustainable Development Goals (SDGs). The need for holistic
solutions that can address these considerations simultaneously is becoming increasingly
pressing. In this chapter we present the application of a free, open-source Investment
Decision Support Tool, called MaritimeGCH, to the Greek fleet as a case study
example. The model aims to optimize the fleet composition (based on the minimization
of the total costs) under techno-economic, environmental, operational factors and
European environmental regulations. After the model description, a presentation on its
application, directly and indirectly relevant to various SDGs, including: cleaner fuel
mixes (SDG7 on Energy), new ships and technologies (SDG9 on Industry), policies for
more environmental-friendly shipping (SDG13 on Climate Action and SDG14 on life
below water), and meeting shipping demands (SDG8 on Economic Growth).