BLUF
Two years ago, Maersk, a leading shipping firm, ordered the first green methanol-powered cargo ship. They aim to move 25% of their sea cargo using eco-friendly fuels by 2030.Summary
KEY POINTS
- Green methanol is made from landfill food waste methane.
- It can cut ship emissions by 65-70%.
- Shipping contributes 1 billion tons of CO2 yearly.
- The industry targets net-zero emissions by 2050, Maersk by 2040.
- The hurdle is scaling and cost reduction of green fuel.