Yee Yang Chien, chief executive of Malaysian shipping giant MISC Berhad, says financiers need to share the risks that come with new green marine fuels and technologies.
Financing remains the missing link that the industry needs to reach its decarbonisation goals, he told the DNV Energy Transition Conference in Singapore on Thursday.
“Show me the money,” he replied when asked what the industry needs most in its quest to decarbonise.
Yee said that coming up with new green fuels, engine types and abatement technologies requires close collaboration across all sectors.
