TED Talks Daily The dreams and details of a green shipping revolution | Jim Hagemann Snabe
Dec 22, 2021
Jim Hagemann Snabe, chairman of Maersk and Siemens, spearheads the charge for a greener shipping industry, envisioning a future of zero carbon emissions by 2050. He discusses the transformative impact of container shipping on global trade and the critical need for sustainable practices. The conversation highlights innovative solutions like the Power-to-X technology, which converts green electricity into liquid fuel. Snabe also underscores the urgency for leaders to adopt green alternatives and establish a global CO2 pricing mechanism to spur investment in sustainable shipping.
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Shipping Container Revolution
- Malcolm McLean's invention of the shipping container in 1955 drastically reduced shipping costs.
- This led to a 200-fold increase in global trade and lifted millions out of poverty.
Sustainability in Shipping
- The shipping industry, responsible for over 9% of global CO2 emissions, needs to become sustainable.
- Maersk aims for carbon neutrality by 2050, requiring zero-carbon vessels by 2030.
Limitations of Current Solutions
- Existing solutions like sails, batteries, and LNG are insufficient for achieving zero-carbon shipping.
- Sails lack efficiency, batteries take up too much space, and LNG is still a fossil fuel.