Clean Marine Hubs
- July 24, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
No Comments
Clean Marine Hubs
Subject :Economy
Section: Infrastructure
Context::Clean Energy Ministerial (CEM) adopts the Clean Energy Marine Hubs initiative (CEMHUBS) at a summit in goa.
Key Points:
- Clean Energy Marine Hubs initiative is a new global platform to scale up low-carbon fuel production and achieve greener supply chains globally.
- To move to low carbon fuels in addition to production, the logistics networks needs to be an integral part of the global clean energy transition.
- The first of its-kind platform brings together the private sector and governments across the energy maritime value chain to transform maritime transportation and production hubs for future low-carbon fuels.
- The initiative is jointly led by players in the private sector and governments working in close collaboration.
- The initiative is backed by canada, norway, panama, uruguay and the uae, in partnership with the international chamber of shipping (ICS) and the international association of ports and harbours (IAPH).
Clean Energy Ministerial (CEM)
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Challenges:
- The maritime energy value chain is far from ready to transport the in-flux of low carbon fuels that are expected between now and 2050.
- To feed the demand, the shipping industry is expected to transport at least 50 per cent of all traded low carbon fuels by 2050, according to the International Renewable Energy Agency (IRENA).
- The production centres, vessels and port infrastructure required to accommodate expected demand do not currently exist at commercial scale.
- For hydrogen derivatives, such as ammonia and other low carbon fuels moved by ships, the scale is far from what heavy industries, transport and other sectors would require.
Clean hydrogen refers to hydrogen produced with renewable or nuclear energy, or fossil fuels using carbon capture. |
International Renewable Energy Agency (IREA)
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