Producing $1trn worth of green fuels for shipping could be a lucrative opportunity for energy-rich developing nations, but there is a problem: the price is too high.
That is the conclusion of consultancy UMAS and the shipping and oceans research group at University College London’s UCL Energy Institute in a joint report.
The disproportionate costs of producing green fuels in the developing world is a key discussion point at the International Maritime Organization.
