China dominance in EVs, clean energy helps shipping industry’s green transition: analysts

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China dominance in EVs, clean energy helps shipping industry’s green transition: analysts - SCMP

Quick Summary:

China is a step ahead because it is a world leader in electric vehicles, renewable energy and battery supply chains.

China, which built more than half of all the world’s merchant ships last year, is looking to decarbonise its maritime industry following the enactment of the European Union Carbon Border Adjustment Mechanism last month and a decarbonisation plan that is expected from the International Maritime Organisation next year.

She did not provide a timetable.