The government of the Philippines has partnered up with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) to develop green shipping corridors in the country.
Specifically, a letter of intent (LoI) was signed for a pre-feasibility project to establish a green corridor in the Philippines.
As disclosed, the initiative aims to promote low- and zero-emission fuels and technologies, support key industries such as inter-island passenger transport, tourism, fishing, mining, agriculture and export-driven sectors, as well as strengthen the local workforce and economy while aligning with global climate goals.
“This milestone underscores a shared commitment to decarbonizing maritime transport and fostering sustainable growth in the Philippines. Together, let’s drive the future of sustainable shipping and create a greener, more inclusive maritime economy!” MMMCZCS stated.
To note, green corridors are said to be key enablers of the green transition in shipping, and according to MMMCZCS, once operational, they are expected to contribute to the development of alternative fuel supply chains and offtake agreements, speed up the scaling process by offering real-life demonstration of solutions and technologies and unite individual first mover actions across the value chain and develop new business models.
In other news, in November 2024, MMMCZCS and RMI, formerly Rocky Mountain Institute, launched the Katalist, a not-for-profit “book and claim” registry designed to accelerate the shipping industry’s decarbonization journey.
As informed, the registry enables freight customers to receive transparent information about the savings they’ve obtained in a consistent, auditable format across multiple carriers. Reportedly, Katalist also sets strict criteria, ensuring every token booked on the registry corresponds to low-emission fuels used during a voyage. The solution is also said to provide carriers access to a broad customer base and reduce the administrative burden of selling low-emission transport.
“Katalist is a transformative approach to maritime shipping, providing a trusted, independent, and easy-to-use platform to freight customers committed to decarbonizing the shipping sector,” Jon Creyts , CEO of RMI, said.