Known as the Zero Emissions Maritime Buyers Alliance, the group wants to use the combined clout of its members to create demand for e-fuels made with renewable electricity and carbon dioxide
and IKEA, in alliance with about three dozen other companies that depend on ocean freight, will invite shipping firms for the first time to bid on a contract in January to move their cargo on vessels powered by near-zero emissions e-fuels like e-methanol.
The world’s fleet moves more than 80 per cent of global trade and contributes about 3 per cent of the world’s GHG emissions. E-fuels are vital to fully decarbonizing ocean shipping because they have long-term potential to compete against fossil fuels on cost and supply, the alliance said. While alliance members hope their collective action will lower the cost of e-fuels, they expect to pay an undisclosed premium to help offset the higher cost versus fossil fuel.
Alliance Cent World Group Fuel Contract Cargo International Maritime Organization Maersk Aspen Institute
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