Green Hydrogen and Green Shipping

Green Hydrogen | Green Shipping

Achieving global climate change goals of keeping warming below the Paris target of 1.5 degrees and reducing emissions to net zero by 2050 requires action across all sectors. It also requires solutions that cut across sectors, to enable the fastest possible action and uptake. This is particularly true in the case of the maritime and green hydrogen sectors. Long considered a “hard to abate sector,” international shipping is seeing increased momentum toward full decarbonization, led by both industry and governments. However, achieving full decarbonization will require large-scale and rapid growth in the use of zero-emission fuels, notably green hydrogenderived fuels. It is here that cross-sectoral efforts and commitments, such as those we are making today, are needed.

Strong, ambitious emissions reductions targets adopted by the maritime sector send critical demand signals to green hydrogen financiers and producers, while clear intentions and capacity to supply green hydrogen provide the confidence needed by actors across the maritime value chain to take bold steps to reduce emissions. With such commitments, full decarbonization of the maritime sector is within reach. It is estimated that positioning the global shipping sector on the least cost 1.5-aligned pathway would require the use of green hydrogen-derived fuels starting in the middle of this decade, requiring a relatively modest green hydrogen volume of 5 million tonnes by 2030, growing rapidly to up to 90 million tonnes by 2040.  Stay informed:  Hydrogen Shipping