In China, South China Morning Post reports Shanghai is set to establish a trading platform for net-zero hydrogen and its derivatives, aiming to lead the global hydrogen sector and decarbonize the heavy-emitting shipping industry. The platform will focus on the certification and trading of green hydrogen, green methanol, and green ammonia within China, with plans to expand globally.
An agreement to create the platform was signed by the Shanghai Environment and Energy Exchange (SEEE), Shanghai International Port Group, China Energy Investment Group, and Shanghai Lingang Economic Development Group at a recent shipping industry conference in Shanghai. Liu Jie, general manager of SEEE, emphasized the inevitability of hydrogen-based fuels in the shipping industry’s green transition. These fuels are seen as crucial in reducing the shipping industry’s carbon footprint, which accounted for around 4% of global CO₂ emissions in 2022.
China, the world’s largest greenhouse-gas emitter, has increasingly focused on green hydrogen and its derivatives, aiming to make them the country’s “fourth pillar” of economic growth, alongside solar energy, electric vehicles, and batteries. The goal is to lead the global hydrogen ecosystem and dominate this rapidly growing sector.
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Tags: China, green hydrogen
Category: Sustainable Marine Fuels
