Green maritime logistics coalition by green shipping corridors: a new paradigm for the decarbonisation of the maritime industry
Zhao-Yu Song, Prem Chhetri, Guanqiong Ye, Paul Tae‐Woo Lee
Abstract
The Clydebank Declaration proposed the concept of Green Shipping Corridor (GSC) at the 26th Congress of the Parties (COP 26) in 2021 to prioritise and accelerate the decarbonisation of the maritime industry. By sharing cost and risk burdens by the ten key stakeholders in the production of zero-emission ships and the use of green fuel oils, the GSC is conceived as an effective policy mechanism and logistics strategy to reduce GHG emissions at sea as well as to mitigate business risks inherent in the value chain. To ignite broader policy debate and discussion on the practical value of GSC, this paper reviews the current developments in GSCs, identifies key challenges in its implementation from a stakeholder’s perspective, and sets out global research agendas and future directions for decarbonising the maritime industry in the context of GSC.