Decarbonisation of the shipping industry requires green fuels at scales not available and costs not affordable today. Shipping needs to deploy 5% green fuels by 2030 to align with the trajectory of the Paris Agreement on climate change. This translates to approximately 40m tonnes of green ammonia or green methanol.

The $1bn question

This article is part of a series written by people across shipping in response to this question about how to deploy a hypothetical TradeWinds Sustainable Shipping Fund:

How, where and why would you invest $1bn for the best return in sustainable shipping, as the industry grapples with the need to cut carbon emissions, improve efficiency and keep cargoes moving in a world facing multiple economic and political challenges? The investment will be made now and ideally held for the next seven years to the end of the decade.