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By 2050, the switch to scalable, zero-emission marine fuels could create up to four million employment throughout the energy supply chain. It could wind up with approximately four million jobs overall in the energy supply chain. To put this figure into context, almost two million merchant seafarers are working worldwide.
The company states that the development of this employment is essential to promoting an equitable switch to clean energy sources, advancing shipping's goal of lowering its carbon footprint and the economy as a whole, and guaranteeing that the sector's energy transformation offers genuine possibilities for those impacted.
According to projections, the need for e-fuels in shipping might increase quickly, reaching over 500 million tonnes by 2040 and 600 million tonnes by 2050. By 2050, it could be necessary to install 2TW of renewable energy generating capacity and 1TW of hydrogen production capacity to meet this demand.
Employment creation will be noted in the three main phases of the supply chain: the production of hydrogen, e-fuels, and renewable energy.
According to this scenario, up to £3.2 trillion ($4 trillion) in investment is needed to support the growth of facilities for producing hydrogen, fuel for e-ammonia for ships, and renewable infrastructure.
"This study is an important first step towards understanding the vital role that marine decarbonisation will play in the energy sector's transition to green employment. The research shows how much opportunity there is to generate a significant number of highly skilled green employment—in this case, occupations powered by a single fuel." Jesse Fahnestock, Director of Decarbonisation at Global Maritime Forum, stated that many of these positions would also be transferable to other industries, promoting greater decarbonisation outside of the shipping industry.
According to studies, the requirement for e-fuels in shipping might increase quickly, reaching over 500 million tonnes by 2040 and 600 million tonnes by 2050. By 2050, it could be necessary to install 2TW of renewable energy generating capacity and 1TW of hydrogen production capacity to meet this demand.
"Reducing economic disparities between the Global North and Global South can be achieved through the development of new green employment. However, according to Jeremy Anderson, Director of Just Transition and Sustainable Transport at the International Transport Workers' Federation (ITF), "Green jobs must also be good jobs, with decent working conditions, labor rights, and a strong voice for workers."
Check the full report here- https://www.globalmaritimeforum.org/news/green-jobs-and-maritime-decarbonisation
