Shipping industry making strides towards green hydrogen to meet UN carbon emission goals

In a significant development, for the very first time, developers across the globe are testing the usage of hydrogen to power ships. The development comes as the maritime industry races to find technologies to slash carbon emissions; there is also a growing confidence that LNG can be used safely commercially. The United Nations has set…

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Shipping industry proposes $5 billion fund to develop cleaner technology

With 90% of the world’s trade being transported by sea, the Global shipping industry contributes around 2.2% of the world’s CO2 emissions. In order to cut down emission levels, shipping associations have proposed creating a research fund. They have already raised $5 billion to develop technology to help the sector comply with U.N. emission targets.…