Canada urgently needs to chart a course of action that will dramatically reduce the shipping sector’s surging greenhouse gas emissions, says an international coalition working to decarbonize the maritime sector.
Each year, international shipping creates a billion tonnes of carbon dioxide. If the sector was a country, it would be the sixth largest emitter of CO2 emissions, roughly equivalent to Japan.
Canada would benefit by investing in new port infrastructure to kick-start the production and use of low- and zero-emissions shipping fuels to create a network of green shipping corridors, he said. Initial efforts must focus on developing newer fuels with extremely strict emission regulations that account for the entire lifecycle of the product, Dancey said.
Investing up to $4 billion to establish a green methanol plant in tandem with direct air capture technology, which would draw carbon from the air to help produce the fuel, would help the Port of Vancouver meet the lower levels of demand projected by 2040, the study found. Investing $500 million in the Halifax port could allow it to serve as a central hub for supporting and distributing sustainable ammonia-based fuel from production facilities elsewhere in the province.
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