Can the Los Angeles-Shanghai green shipping corridor save the sector and the planet?

The shipping sector faces a massive challenge in decarbonizing to meet global climate goals. To accelerate those efforts, leaders at the COP26 climate change conference in Glasgow last year agreed to develop at least six green shipping corridors by 2025 and many more by 2030. The Biden administration has fully supported the plan and is urging private industry to also get on board. One of the more significant corridors to emerge is between the Port of Los Angeles, the busiest container port in the Western Hemisphere, and the Port of Shanghai, the world's largest port. Christopher Cannon, chief sustainability officer at the Port of Los Angeles, spoke with senior editor Meghan Gordon about how plans for the Los Angeles-Shanghai green shipping corridor are shaping up. They discussed the role fuel producers will play and which alternative fuels look most promising. Cannon also gives an update on efforts to ease West Coast port congestion and predicts another possible port backup when Chinese cities emerge from pandemic lockdowns. Stick around after the interview for Jordan Blum with the Market Minute looking at how workforce issues in the rail sector could affect shipments of oil feedstocks, ethanol, coal, grain and other commodities. This podcast was produced by Meghan Gordon in Washington and Jennifer Pedrick in Houston.