The world's shipping industry is leading the charge in adopting green fuel, but its progress may be hampered by a supply that struggles to keep up with demand.

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The world's shipping industry is leading the charge in adopting green fuel, but its progress may be hampered by a supply that struggles to keep up with demand. - SCMP

Quick Summary:

The global shipping industry may have put the cart before the horse as green fuel supplies lag the needs of ships that are switching to low carbon energy sources.

Currently, low carbon methanol supply capacity is less than 1 million tonnes a year, which can only serve the needs of 25 such container ships.

It also aims to slash emissions per unit of transport work by at least 40 per cent by 2030, compared with 2008 levels, and to boost the industry’s uptake of fuels that emit zero or near-zero greenhouse gasses to at least 5 per cent by 2030.