Green corridors grow by 40% worldwide but face a ‘feasibility wall’ without government support

The 2024 edition of the Annual Progress Report on Green Shipping Corridors published by the Global Maritime Forum provides an updated status on the implementation of green shipping corridors as a means of decarbonising the shipping sector.

The report, now in its third year, finds that the movement has made healthy progress. In the last year alone, 18 new green shipping corridor initiatives emerged worldwide, and two-fifths of existing initiatives advanced to a new phase of development. In a milestone for the movement, at least six green corridor initiatives have moved towards enabling real-world implementation.

At the same time, the report warns that progress could stall without urgent action from governments to overcome a ‘feasibility wall’. It concludes by identifying key recommendations to ensure the continued successful development of green corridors.

The full report can be downloaded from the Global Maritime Forum website.