The decarbonization of the global maritime industry presents a significant economic opportunity, according to a new analysis by the Global Maritime Forum and Arup. Transitioning to e-fuels could create up to four million green jobs by 2050, doubling the current number of seafarers globally.
E-Fuels Demand and Infrastructure Investment
Demand for e-fuels is projected to surpass 500 million tonnes by 2040, requiring an additional 2TW of renewable energy generation capacity and £3.2 trillion of infrastructure investment. This substantial capital injection will primarily occur in the 2030s to support renewable energy capacity building.
Geographic Distribution of Green Jobs
The majority of green jobs are expected to emerge in the Global South, where conditions are favourable for the production of green fuels. Investments in this region have the potential to significantly contribute to job creation, addressing economic inequalities between the Global North and South.
Maritime Transition as a Trillion-Dollar Market Opportunity
The transition to e-fuels represents a trillion-dollar market opportunity, with investments stimulating job creation across the supply chain. By tracking with the IMO’s guidelines, the maritime sector can witness significant green job growth, particularly during the 2030s, supported by substantial capital investment and capacity expansion in renewable energy and fuel production.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: Global Maritime Forum
