Decarbonizing shipping could create 4 million jobs

The Global Maritime Forum, with analysis by Arup, reveals the economic potential of decarbonizing shipping, which could create up to four million green jobs by 2050.

This transition involves renewable energy, hydrogen production, and e-fuel production.

Shipping currently accounts for 3% of global CO2 emissions, comparable to Japan’s annual emissions.

The International Maritime Organization aims to end fossil fuel use in shipping by 2050. This shift will require large amounts of zero-emission fuels, particularly e-fuels based on hydrogen, with demand potentially reaching 600 million tonnes by 2050.

The report, “Green Jobs and Maritime Decarbonisation,” suggests that transitioning to e-fuels could involve a £3.2 trillion investment in renewable infrastructure and fuel production, significantly boosting job creation.

Jesse Fahnestock of the Global Maritime Forum highlights that maritime decarbonization will create numerous highly skilled green jobs, many of which will be transferable to other sectors. The report predicts the most significant job growth in the 2030s, with up to four million green jobs created worldwide.

“The analysis demonstrates the sheer scale of the potential to create large numbers of highly-skilled green jobs, in this instance driven by a single fuel. Many of these jobs will also be transferable to other sectors – supporting further decarbonisation beyond shipping.”

The Forum calls for further research into the role of future fuels in creating quality green jobs and understanding the geographical impacts of maritime decarbonization.

For further information, read more here: https://globalmaritimeforum.org/decarbonisation-of-shipping-could-create-up-to-four-million-green-jobs/

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