Green shipping corridors growing in emerging econs
India, Nov. 28 -- Green shipping corridor trade routes, with zero-emission fuels, vessels, and technologies, have expanded in China, India, Brazil, and Chile among other emerging economies, according to a new report by the Global Maritime Forum. "At a Crossroads: Annual Progress Report on Green Shipping Corridors 2025" has identified 25 new green corridor initiatives, expanding the global total to 84 such active initiatives. For the first time, green corridor initiatives have been launched in major developing economies like China, India, Brazil, Chile, Ghana, and Kenya, reflecting the significant economic opportunities that can be seized through the development of zero-emission marine fuels and bunkering capabilities in these regions, the report has said.
This aligns with governmental maritime and energy ambitions in these geographies, such as the Indian Shipping Ministry's 2025 goals, China's efforts to accelerate the development of port infrastructure and green fuels, Brazil's National Hydrogen Program, Chile's National Green Hydrogen Strategy, and national commitments to green shipping by Kenya and Ghana. In India, the new corridors include: India Green Corridors; India-Denmark Green Corridors; India-Singapore and Kandla-Tuticorin Coastal Green Corridor.
The report comes soon after the International Maritime Organisation (IMO's) Marine Environment Protection Committee adjourned discussions on the adoption of the Net-Zero Framework for one year.
"The move of major countries like China, India, and Brazil into green corridors is hugely promising, as these are markets that will determine whether zero-emission shipping scales fast enough to meet global climate goals,"Jesse Fahnestock, director of decarbonisation at the Global Maritime Forum said, adding, "But even more importantly, we're seeing recognition from these countries that green corridors are more than just environmental projects-they are strategic economic infrastructure..."...
To read the full article or to get the complete feed from this publication, please
Contact Us.