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Green Hydrogen | Green Shipping
Green Hydrogen | Green Shipping
Hydrogen producers agreed to produce 11 million tons of the low-emissions fuel for use by the shipping sector by 2030.
Shipping is positioned to be a key offtaker of zero-emission fuels because, unlike in any other sector except aviation, its global regulator (the IMO) has committed to implement legally binding regulations that will mandate demand and use of fuels with near-zero and zero GHG emissions.
The most prominent options to meet this will use hydrogen and particularly green hydrogen as a feedstock. As part of the Commitment, green hydrogen producers agreed to produce 11 million tons of the low-emissions fuel for use by the shipping sector by 2030.
This avoids the patchwork and competitive disadvantage risk of national action/policy that will face other sectors and produces a predictable and large-scale demand (see below) for green hydrogen into the global economy.
Depending on the final design of policy, there may also be additional early support and incentives for green hydrogen to support immediate scaling.
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