According to the Economic times shipping industry is poised to become the largest driver of demand for green ammonia, a sustainable alternative to conventional fossil fuels. As global efforts to reduce carbon emissions intensify, green ammonia is emerging as a critical fuel for the future, especially in the maritime sector.
Why Green Ammonia?
Green ammonia is produced using renewable energy sources like wind or solar power, offering a carbon-neutral alternative to conventional ammonia and other fossil fuels. It doesn’t release CO₂ when used as fuel, making it highly attractive for industries like shipping, which must cut emissions to comply with climate goals. Moreover, green ammonia is versatile and can be used as fuel and energy storage.
Shipping’s Critical Role in Global Decarbonization
Shipping contributes about 3% of global emissions, and international regulations are tightening to limit these numbers. Green ammonia can help the shipping sector meet the International Maritime Organization’s (IMO) carbon reduction targets for 2030 and 2050, making it a central player in the decarbonization process.
Challenges and Industry Opportunities
Despite its promise, green ammonia faces hurdles like high production costs and limited infrastructure. However, significant investments in technology and infrastructure are underway. As production scales, green ammonia will become more cost-effective, positioning the shipping industry at the forefront of its adoption for a more sustainable future.
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Source: ECONOMIC TIMES
