Green Shipping Corridors

Green shipping corridors will not become a reality unless governments and the industry come together to absorb the risk and maximise the benefits associated with early entry into zero emission Shipping.

That is one of the conclusions in Global Maritime Forum’s and Getting to Zero Coalition’s new Insight Briefs by Elena Talalasova and Jesse Fahnestock.

“This is a make-or-break moment for green shipping corridors,” says Jesse Fahnestock, who has led Global Maritime Forum’s collaboration on green corridor projects in for example South Africa, the United Kingdom and Australia.

In short, green shipping corridors are specific shipping routes where the feasibility of zero-emission shipping is catalysed by a combination of public and private actions.

“The next couple of years will determine whether they will succeed in their task of accelerating decarbonisation of the shipping sector and building the bridge to the post-2030 compliance regime that should follow from the International Maritime Organization revised Greenhouse Gas Strategy. While initiative from the private sector is important, only national governments have the means, and arguably the incentives, to enable this success. The single most important objective for governments is to narrow the cost gap associated with scalable, zero-emission technologies – thus unlocking private sector investments,” the authors write.

EK:

Ek 1: National and Regional Policy for Green Shipping Corridors

News Source: Maritime and Coastguard Agency,U.S. Department of Transportation

Department of Infrastructure, Transport, Regional Development, Communications and the Arts

Image Source: https://www.pexels.com/tr-tr/

13.09.2023