TED Climate
The dreams and details of a green shipping revolution | Jim Hagemann Snabe
Jan 12, 2022
Jim Hagemann Snabe, Chairman of the world's largest maritime shipping company, discusses the ambitious plan to decarbonize shipping by 2050. He shares a proposal to convert green electricity into green liquid fuel to power vessels. This process, called Power2X, aims to achieve zero carbon shipping. Snabe emphasizes the need for global leaders to join this sustainable and innovative future.
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Quick takeaways
- Decarbonizing shipping requires converting green electricity into green liquid fuel through 'power-to-X' technology.
- Scaling sustainable shipping solutions will reduce costs, and implementing a global price on CO2 is crucial.
Deep dives
Decarbonizing shipping by 2050
The podcast episode discusses the ambitious plan to decarbonize shipping by 2050. The speaker highlights that more than 9% of global CO2 emissions come from transporting goods worldwide. The goal is to make the global shipping company carbon-neutral by 2050, which requires inventing a zero-carbon container vessel by 2030. The speaker explains that existing solutions like slow steaming, sails, batteries, and LNG are not sufficient. The solution proposed is Power2X, a process that converts green electricity to a green fuel that can be used in combustion engines, allowing retrofitting of existing vessels for zero-carbon shipping.
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