Why Norway is backing hydrogen as the key to decarbonising shipping by 2050
Hydrogen has been hailed as the silver bullet to help shipping reach many of its rapid decarbonisation goals, despite being in a nascent stage of marine engineering development. While sceptics question the pace of innovation, Norway is leading the charge to deliver a viable hydrogen future for shipping
Norway’s vast sovereign wealth fund is underwriting a generational research and development project that could ultimately see hydrogen-fuelled ships replace the next-generation fleet in time to meet the shipping industry’s ambitious 2050 decarbonisation target
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