Charting Shipping's Path to Decarbonization
The International Maritime Organization has adopted an initial strategy to reduce greenhouse gas emissions from ships, with the goal of eventually achieving zero emissions before the end of the century. In light of this, the shipping industry has started to search for viable options, including liquefied natural gas (LNG), to reduce greenhouse gas emission. While LNG is not a carbon-free fuel, it still has a major role to play as a transition option until other zero-carbon solutions become market-ready.
At a webinar on 16 March, Simon Ng, Director (Policy and Research) at the Business Environment Council, identified the benefits of LNG in maritime transport as well as the barriers to its use. He also discussed the developments and prospects for LNG in Hong Kong and beyond. Johnny Wang, Deputy Director, Innovation and Commercial Development at CLP Power Hong Kong, shared that CLP Power and HK Electric have been given the go-ahead to operate an offshore LNG terminal in Hong Kong, which presents a viable additional gas supply option through access to competitive gas supplies from world markets.
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