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COPENHAGEN, Nov. 17, 2022 /PRNewswire=KYODO JBN/ --

A new report from the Global Maritime Forum [

https://www.globalmaritimeforum.org/ ], prepared on behalf of the Getting to

Zero Coalition, assesses progress towards the development of Green Shipping

Corridors - maritime routes between major port hubs where zero-emission

solutions are supported and demonstrated – and finds that activity during 2022

exceeded expectations. However as maritime Green Shipping Corridors progress

towards implementation, some key industry stakeholders, especially cargo owners

and fuel producers, will need to be engaged as soon as possible. From the

public sector, policy support from national governments will need to embrace

the challenge of closing the fuel cost gap between zero-emission and fossil

fuels.

The 2022 Annual Progress Report on Green Shipping Corridors is launched in

association with the first anniversary of the Clydebank Declaration, which has

seen 24 countries express support for the creation of Green Shipping Corridors

as a way to demonstrate and deploy the zero-emission solutions necessary for

shipping's transition to zero greenhouse gas emissions.

While most maritime Green Corridor initiatives remain in their infancy, the

report looks at their potential, assesses progress, identifies challenges, and

offers recommendations, in particular by advancing the commercial-scale

deployment of zero-emission fuels, vessels and infrastructure on promising

routes. Previous analysis has indicated that for shipping's transition to get

on track, 5% of fuels used on deep sea routes would need to be scalable,

zero-emission fuels such as clean ammonia, methanol, or hydrogen.

- Overall, the report documents a level of Green Corridor activity in 2022 that

has exceeded expectations, with more than 20 initiatives and 110 stakeholders

from all main shipping segments involved, active engagement from the government

signatories of the Clydebank Declaration, and coverage of some of the most

important deep-sea routes.

- Most of these initiatives remain at a very early stage of development, with

only a handful reaching the feasibility and planning stages so far.

- So far, maritime Green Corridors are too shipping-centric, more needs to be

done to involve cargo owners and producers of future fuels if important

obstacles are to be overcome.

- While governments have shown a promising amount of initiative in developing

supportive policies, they will need to consider how to use national policy

levers to close the fuel cost gap between zero-emission and fossil fuels.

The Global Maritime Forum's Project Director for Decarbonization, Jesse

Fahnestock, noted that the report, like the activity it covered, was about

creating a baseline for future action.

"Green Corridors have captured the maritime sector's imagination, and the

number of initiatives that have been launched in one year is genuinely

exciting," Fahnestock said. "These corridors are all at very early stages, but

as they move towards implementation, this report can provide a platform for

monitoring and sharing global progress. Already, the report has identified some

key recommendations for accelerating action and improving impact."

Please find the report here [

https://cms.globalmaritimeforum.org/wp-content/uploads/2022/11/The-2022-Annual-Progress-Report-on-Green-Shipping-Corridors.pdf

].

About the Getting to Zero Coalition

The Getting to Zero (GtZ) Coalition, a partnership between the Global Maritime

Forum and World Economic Forum, is a community of ambitious stakeholders from

across the maritime, energy, infrastructure, and financial sectors, supported

by key governments, IGOs and other stakeholders, who are committed to the

decarbonization of shipping.

The ambition of the Getting to Zero Coalition is to have commercially viable

zero-emission vessels operating along deep-sea trade routes by 2030, supported

by the necessary infrastructure for scalable zero-carbon energy sources

including production, distribution, storage, and bunkering, towards full

decarbonization by 2050.

About the Global Maritime Forum

The Global Maritime Forum (GMF) is an international not-for-profit organization

dedicated to shaping the future of global seaborne trade to increase

sustainable long-term economic development and human wellbeing.

Source: Global Maritime Forum