China Launches Green Hydrogen Trading Platform for Decarbonising Shipping Industry
Key Ideas
- China to establish a platform supporting the trading of net-zero hydrogen and derivatives to lead global hydrogen sector.
- Focus will be on certification and trading of green hydrogen, methanol, and ammonia in China initially.
- Effort aims to decarbonize heavy-emitting shipping industry and plans to expand services globally in the future.
- Initiative expected to play a significant role in advancing the use of green fuels and reducing carbon emissions in the shipping sector.
China is taking a significant step towards decarbonizing the shipping industry by planning to establish a trading platform for green hydrogen derived fuels. The platform will enable the trading of net-zero hydrogen and its derivatives in a move to support China's ambition to lead the global hydrogen sector. The focus of the platform will be on certifying and trading green hydrogen, green methanol, and green ammonia initially within China's borders. However, the long-term goal is to expand these services globally. By targeting the heavy-emitting shipping industry, the platform aims to catalyze efforts to reduce carbon emissions and promote the use of green fuels. This initiative is expected to play a crucial role in driving the adoption of sustainable practices in the shipping sector and supporting the global shift towards cleaner energy sources.
Topics
Certification
Green Hydrogen
Decarbonisation
Global Leadership
Shipping Industry
Ammonia
Green Fuels
Methanol
Trading Platform
Latest News