Under current and prospective policies from the IMO, EU, and US, the business case for green shipping corridors could improve markedly - but not sufficiently - according to a new report published
Under current and prospective policies from the IMO, EU, and US, the business case for green shipping corridors could improve markedly - but not sufficiently - according to a new report published by UMAS, UCL, and the Global Maritime Forum (GMF).
Titled ‘Building a Business Case for Green Shipping Corridors,’ the report looks at the significant commercial challenges associated with green shipping corridors, how these could change under future regulation, and what additional support may be needed to ensure the viability of such projects.
Green shipping corridor projects - which focus on initiating the maritime value chain for scalable and sustainable fuels such as hydrogen-derived e-ammonia and e-methanol - have thus far faced an insurmountable cost gap. Against the backdrop of an evolving global and regional policy landscape, the business case for such first-mover initiatives will begin to improve, but targeted support will be needed to ensure the uptake of e-fuels.
The report emphasizes the important role of regulation in enabling shipping’s energy transition and the wider implications for the industry operating under a future compliance regime where fleet and bunkering strategies will need to become more sophisticated. Policies such as the IMO’s new global fuel standard, the EU’s
Content Original Link:
" target="_blank">
