PUBLISHED NOV 12, 2021 2:57 PM BY THE MARITIME EXECUTIVE

 

The creation of green corridors offers the best opportunity to accelerate progress in tackling challenges of decarbonizing the shipping industry, a new report suggests.

A day after an alliance of 22 nations signed a declaration committing to create zero-emissions shipping green corridors, a new report by the Getting to Zero Coalition reckons that green corridors provide sufficient scale and volume for impact. This is because they are large enough to include all the essential value-chain actors, including fuel producers, vessel operators, cargo owners and regulatory authorities.

Green corridors also provide offtake certainty to fuel producers, allowing for additional scaling of zero-emission fuel production concentrated in one location. They can also create demand signals to vessel operators, shipyards and engine manufacturers to scale up investments in zero-emission shipping.

A green corridor is defined as a shipping route between two major port hubs on which the technological, economic and regulatory feasibility of zero-emissions ships is accelerated by public and private action. The report suggests that collaboration, a viable fuel pathway, customer demand and regulation are the four critical ingredients.

 

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https://www.maritime-executive.com/article/getting-to-zero-coalition-identifies-prime-green-corridor-routes