NORWAY has emerged as a leader in encouraging environmentally friendly shipping practices, reports Fort Lauderdale's Maritime Executive.
In August 2023, the government initiated a loan programme to support eco-friendly investments within the maritime industry to reduce emissions 50 per cent before 2030.
Enova, a non-profit organization under the Norwegian government, has introduced new support schemes for adopting hydrogen and ammonia power systems in ships. This program aims to establish a profitable value chain for hydrogen and ammonia at sea by boosting demand.
The US invests heavily in research, innovation, and grants for North America's sustainable fuel production and clean energy technologies.
With the passing of the Inflation Reduction Act 2022, the US has surged ahead of many nations in incentivising efforts to reduce carbon emissions.
In Europe, initiatives like the EU Emissions Trading System and FuelEU Maritime have been introduced to impose economic penalties on carbon-intensive fuels and encourage low-carbon alternatives.
Countries like Singapore, China, Japan, and South Korea actively explore ammonia as a viable maritime fuel in the Asia-Pacific region.
Singapore plans to conduct a pilot programme for ammonia bunkering by 2027.
The development of ammonia as a maritime fuel has been greatly influenced by the establishment of green shipping corridors.
These corridors, which include routes like the Hamburg-Halifax Atlantic Corridor and the Australia-Asia Iron Ore Green Corridor, are driving advancements in this field.
SeaNews Turkey
In August 2023, the government initiated a loan programme to support eco-friendly investments within the maritime industry to reduce emissions 50 per cent before 2030.
Enova, a non-profit organization under the Norwegian government, has introduced new support schemes for adopting hydrogen and ammonia power systems in ships. This program aims to establish a profitable value chain for hydrogen and ammonia at sea by boosting demand.
The US invests heavily in research, innovation, and grants for North America's sustainable fuel production and clean energy technologies.
With the passing of the Inflation Reduction Act 2022, the US has surged ahead of many nations in incentivising efforts to reduce carbon emissions.
In Europe, initiatives like the EU Emissions Trading System and FuelEU Maritime have been introduced to impose economic penalties on carbon-intensive fuels and encourage low-carbon alternatives.
Countries like Singapore, China, Japan, and South Korea actively explore ammonia as a viable maritime fuel in the Asia-Pacific region.
Singapore plans to conduct a pilot programme for ammonia bunkering by 2027.
The development of ammonia as a maritime fuel has been greatly influenced by the establishment of green shipping corridors.
These corridors, which include routes like the Hamburg-Halifax Atlantic Corridor and the Australia-Asia Iron Ore Green Corridor, are driving advancements in this field.
SeaNews Turkey
