The shipping industry’s backing for green power has sunk as the majority of vessel owners stick to traditional dirty marine fossil fuels or explore alternatives including nuclear energy.
Data from the International Chamber of Shipping’s latest annual survey of shipping executives shows that confidence in ammonia or hydrogen becoming viable fuel sources has plummeted this year as they prioritise cost and availability over tackling rising carbon emissions.
Conviction that ammonia will become a commercial reality in the next decade fell from 31 per cent of shipping executives last year to 12 per cent this year. Their confidence in hydrogen fell from 18 to 10 per cent.
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