Amazon, IKEA Join Other Ocean Cargo Shippers To Boost Demand For New Green Fuels

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Amazon.com and IKEA, in alliance with about three dozen other companies that depend on ocean freight, will invite shipping firms for the first time to bid on a contract in January to move their cargo on vessels powered by near-zero emissions e-fuels like e-methanol, reports Reuters.

The group known as the Zero Emissions Maritime Buyers Alliance wants to use the combined clout of its members, who have their own climate goals to meet, to create demand for e-fuels made with renewable electricity and carbon dioxide. Those fuels are in very short supply.

An electric-powered passenger ferry that glides above the water has made its public transport debut in Sweden.

Alliance

The alliance wants to accelerate the ocean shipping industry’s move toward net-zero greenhouse gas (GHG) emissions by 2050, even as U.S. President-elect Donald Trump is expected to pull out of international commitments to combat global warming.

The world’s fleet moves more than 80% of global trade and contributes about 3% of the world’s GHG emissions.

Carriers such as Maersk (MAERSKb.CO), opens new tab, Evergreen (2603.TW), opens new tab and Ocean Network Express (ONE) have ordered ships that can operate on e-methanol and are working to secure supplies of that fuel.

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Source: Reuters