A fresh global platform to boost low-carbon fuel production

  • August 2, 2023
  • News

Taking a step towards sustainability, the Clean Energy Ministerial has adopted the Clean Energy Marine Hubs Initiative (CEM-Hubs) which is a partnership project of the world’s key economies who are working together to expedite the global clean energy transition. The event is a first-of-its-kind platform and is organized in Goa wherein all the private sector and govt. involved in the energy maritime value chain are coming together to transform the transportation and logistics sector with future low-carbon fuels.

The CEM-hub project is backed by Norway, Panama, Canada Uruguay and UAE in collaboration with the international chamber of Shipping (ICS) and the international association of ports and harbours. They are all working together, but the Maritime Energy Value chain is still miles away to transport the low-carbon fuels that are expected between now and 2050. To meet the demand, the shipping industry is to transport at least 50% of all the traded low-carbon fuels by 2050, as per the International Renewable Energy Agency, however, the robust infra is still awaiting to exist. To date, only one ship has been piloted to transport liquefied hydrogen, from Australia to Japan.

To support the global transition to net-zero targets, the shipping industry is likely to move 2-5 times the low-carbon fuels it will consume by 2050. Jean-François Gagné, Head of Secretariat, Clean Energy Ministerial, stated that the ports, shipping and logistics network must form an integral part of the global clean energy transition and the newly formed CEM Hubs creates a unique opportunity to develop implementable actions to guarantee greener supply chains globally