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Canada and United Arab Emirates first to back marine sector’s green fuel initiative

 

Representatives of the maritime sector have officially launched an initiative to catalyze the supply of green fuels to support the global energy transition. The International Chamber of Shipping (ICS) and International Association of Ports and Harbors (IAPH), along with the CEO-led Clean Energy Maritime Taskforce, unveiled the ‘Clean Energy Marine Hubs Initiative’ at the Clean Energy Ministerial (CEM) held in Pittsburgh.

The Initiative will be a convening platform for public and private senior-level stakeholders from the ports, shipping, finance, and energy sectors across the energy-maritime value chain. ICS and IAPH will kickstart activity with governments represented at the CEM, with the objective of advancing the production, export and import of low-carbon fuels.

The governments of Canada and the United Arab Emirates (UAE) confirmed during the CEM meeting in Pittsburgh that they will be among the first countries to back this key initiative, to help accelerate the worlds transition to green fuels and technologies.

The initial concept for creating green marine hubs was announced earlier this year as a forum to enable policy makers and industry stakeholders to quickly unlock clean energy deployment. This announcement represents the next step in the development of an initiative that will help unlock the potential for global adoption of zero emission fuels.

CEM was a meeting of 29 energy ministers from leading governments, as part of the US Department of Energy’s Global Clean Energy Action Forum (GCEAF). The Forum brought together advocates from the energy community to share ideas on how to deliver a successful global green transition.

Representatives of the maritime sector anticipate the participation of Canada and the UAE to establish a “pathway” for others to follow. The broader goals of the Initiative were also discussed at a plenary session organised by ICS. Key objectives include facilitating information and knowledge exchange on policies, programmes, and decarbonisation projects to de-risk investment and accelerate the commercial deployment of alternative fuels and technologies across countries. (Image from ICS)

 

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