The optimist’s business case for an African green shipping revolution

TALK long enough about green shipping scenarios and sooner or later all roads lead to Africa. Africa’s renewable energy potential, particularly in solar and wind, is vast and largely untapped, which explains why green energy investment in Africa is booming. Imports of solar panels, largely from China, are up 60% in the past 12 months alone. While that is from a relatively low base, the investments are coming thick and fast when it comes to clean fuel production. Given the collapse of the Net-Zero Framework at the International Maritime Organization and the context of a somewhat lacklustre COP out in Brazil, you may well be asking yourself: “why am I listening to yet another decarbonisation diatribe?” Regardless of the headline political headwinds, the business case for green shipping projects continues to be relevant. And if you’re looking for some optimism to get you through some admittedly uncertain times when it comes to shipping’s decarbonisation agenda, Africa is good place to start. This week’s episode of the podcast travels to Namibia and South Africa, via a green corridor into Europe, to understand why Africa could hold the key to shipping’s decarbonisation. Joining Richard on this week’s podcast are: Alexander Saverys, chief executive, CMB.Tech Jesse Fahnestock, decarbonisation director, Global Maritime Forum James Mnyupe, senior vice-president sub-Saharan Africa, Thyssenkrupp Subscribe to Lloyd's List: www.lloydslistintelligence.com/products/…oyds-list Learn more about Lloyd's List Intelligence: www.lloydslistintelligence.com/