Talking about the future of decarbonization in shipping, Soren Skou, CEO of A.P. Moller Maersk believes that the solution could be a methanol-ammonia combination.
More specifically, talking on a Getting to Zero for Shipping session, hosted by the World Economic Forum, Mr. Skou noted that ”3 years ago we were not keen for environment issues because we did not know where it could push as to.”
Now we know what the solutions are going to be. It is going to be some kind of combination between methanol and ammonia
However, he added that such a solution is going to be more expensive, and for this reason ”a carbon tax is starting to make sense”
We are calling for that to get implemented in half a decade. That will push as towards the right kind of fuels
A carbon tax is starting to make sense to us and we’re calling for it to be implemented to help push us towards the right kind of fuels, says @SorenSkou of @Maersk. #ClimateBreakthroughs pic.twitter.com/vteD6D5A11
— World Economic Forum (@wef) May 27, 2021
In addition, Rachel Elizabeth Kyte, Dean of The Fletcher School at Tufts University, believes that there ”are going to be winners and losers as we are moving away from a fossil fuel economy to a decarbonized economy.”
Who wins, how quickly and how big is the win, is still to be found out
…this is because each country is in its own path of its transition.
Nevertheless, Ms. Kyte believes that:
There are opportunities to pivot quickly away from fossil fuels even for the most deeply carbonized societies
