According to a new insight brief from the Global Maritime Forum (GMF), as Asia-Pacific economies begin to move on maritime decarbonisation, Australia has a chance to link its future fuel supply to growing regional demand.
GMF’s latest publication What can Australia learn from APAC first movers on maritime decarbonisation? looks at how South Korea, Japan, Singapore and China are approaching the transition, through green shipping corridor legislation, industrial policy, bunkering infrastructure and shipbuilding capability.
Australia is considered well placed to complement these efforts. With its low-cost renewable energy, plant-based carbon and reputation as a reliable trading partner, it has the potential to become a major producer and exporter of low-emission molecules for the region. The brief suggests that the greatest opportunity may lie in coordinating with these first movers to align fuel supply, demand, infrastructure and standards.
The study What can Australia learn from APAC first movers on maritime decarbonisation? can be downloaded here.
Image: Port of Fremantle, Western Australia (source: Pexels)
