Discussing transitioning the shipping industry to hydrogen-based fuels.LIVESTREAM
Maritime shipping accounts for about 3% of global GHG emissions; if it were a country, this sector would be the sixth-largest emitter, larger than Germany. About 80% of trade by volume and more than 70% by value is transported across water into ports worldwide wth maritime freight volume projected to triple by 2050
Full decarbonization requires large-scale and rapid growth in the use of sustainable zero-emission green hydrogen-derived fuels, the most viable hydrogen carriers, ammonia and methanol are the only practical alternatives for long-distance shipping.
Globally, in the last few years significant commitments have been made by actors across the maritime value chain. The Getting to Zero Coalition, an alliance of 150 companies, is pushing for the development and deployment of zero emissions vessels by 2030 and coZEV, some of the world’s largest brands, are committed to zero-emission ocean freight by 2040. Actors across the maritime value chain must now come together to turn these commitments into solutions and implementation on the ground and use every tool at its disposal to decarbonize rapidly.
By transitioning the shipping industry to hydrogen-based fuels, the world can greatly reduce global greenhouse gas emissions, but this requires multi-stakeholder collaborations and commitment to address, including the development of a network of supply points, repurposing global bunkering hubs, procedures for safe operations, and industry certification.
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