The decarbonization of the global shipping industry will require new low-carbon fuels. This presents a great opportunity for developing countries, a COP 26 side event heard.
Namely, IMO-UNCTAD organized the “Seizing opportunities for developing countries in providing zero-carbon fuels to global shipping” event on 10 November, which was held during the 26th United Nations Climate Change Conference in Glasgow, United Kingdom.
Panelists from Chile, Indonesia, Kenya, Panama and South Africa highlighted their countries’ push to support the transition to clean and sustainable fuels for shipping, including the potential for supplying green ammonia and green hydrogen.
Decarbonization of international shipping requires a rapid shift from today’s predominant use of fossil fuels to zero-carbon alternatives. In fact, there is a need for low and zero carbon marine fuels – this creates a promising opportunity for several developing nations because of geographic locations and their access to abundant renewable sources of energy.
…said IMO’s Jose Matheickal.
“With the emergence of zero carbon bunker fuels, developing countries have a lot of potential for supplying zero carbon bunker fuel and this will allow them to enter the market. This is a great opportunity for development,” …said Ms. Isabelle Durant, Deputy Secretary-General, UNCTAD.
