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![]() In 2022 biofuels met less than 0.5% of global international shipping energy demand. Historically, oil products have constituted over 99% of total energy demand for international shipping. ![]() Japan, China and Korea continue to lead in designing and building ammonia-ready vessels, as well as on bunkering protocols and infrastructure. ![]() At COP27 in 2022, as part of the the Green Shipping Challenge launched together with the United States, Norway announced that it will strive to reduce emissions from shipping by 50% by 2030 ( compared to the 2005 level), which would require 700 low-emission and 400 zero-emission ships in Norway alone.In the United States, the Inflation Reduction Act (IRA), issued in 2022, not only includes direct support for port emissions reductions through electrification, but more importantly will greatly contribute to building out a green ammonia supply chain through its clean hydrogen tax incentives.As part of their multipronged strategy to reduce emissions from shipping, in 2023 the European Union reached two important agreements concerning the inclusion of shipping in the EU Emissions Trading System (ETS) and the FuelEU Maritime initiative.Countries and regions making notable progress towards decarbonising shipping include:
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