The Global Maritime Forum's second Annual Progress Report on Green Shipping Corridors reveals a doubling of initiatives from 21 to 44 in the past year, showcasing increased maturity and stakeholder involvement. As part of COP28, the report highlights progress in existing corridors, with a focus on priority fuels and operational targets. However, challenges such as fuel decisions, commercial arrangements, and governmental support need addressing as green corridors move closer to implementation. The report underscores the crucial role of 2024 for these corridors, emphasizing the need for collaborative efforts to unlock broader decarbonization in global maritime trade.

SOURCE: GOOGLE