Greece Joins Clean Energy Marine Hubs Initiative for Sustainable Shipping Transition

Greece has recently become a member of the Clean Energy Marine Hubs (CEM Hubs) initiative, joining high-profile organizations such as the World Economic Forum (WEF) and Oil Companies International Maritime Forum (OCIMF). This initiative, proposed by the International Chamber of Shipping (ICS) and the International Association of Ports & Harbors (IAPH), aims to support the development of infrastructure and transport options for low-carbon fuels in the maritime sector. Greece’s Minister of Maritime Affairs, Christos Stylianides, emphasized the importance of promoting the worldwide use and transportation of low-carbon fuels for the energy transition of shipping, given that Greece represents about 20% of global shipping ownership.

The Clean Energy Ministerial Meeting (CEM15) recently discussed implementation methods for future fuels production and transport infrastructure, with a focus on increasing uptake across countries and economic sectors, including shipping. World Economic Forum Executive Committee Member Roberto Bocca highlighted the role of industrial clusters like marine hubs in establishing the necessary infrastructure for a multi-fuel future. The partnership between the World Economic Forum’s Transitioning Industrial Clusters initiative and the Clean Energy Marine Hubs aims to drive economic growth, employment, and emissions reduction through public-private collaboration.

Esben Poulsson, Chair of the Clean Energy Marine Hubs Industry Taskforce, emphasized the importance of de-risking and accelerating the global energy transition, welcoming the government of Greece, ABS, Lloyd’s Register Maritime Decarbonisation Hub, OCIMF, and the World Economic Forum to the CEM Hubs. The initiative, co-led by the governments of Canada and the UAE, with participation from Brazil, Norway, Uruguay, and Panama, continues to gain momentum. Supporters of the initiative include the International Renewable Energy Agency and the Global Centre for Maritime Decarbonisation, highlighting the collaborative efforts to drive sustainable practices in the maritime sector.

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