Green hydrogen can work for shipping despite industry woes, say analysts
- Fortescue dumps projects in Australia and US, partly blaming Trump
- Chinese projects are coming along, but their level of state subsidy is contentious
- Green hydrogen needs a carbon price, but shipping is unique among heavy industries in having one
The IMO’s carbon price and its huge net zero fund for subsidising green hydrogen-based e-fuels mean it can become a reality for shipping, despite failing to live up to the hype for decarbonising most other industries
