Shipping News

Shipping contributes approximately 3% of global greenhouse gas emissions but it is hard to power those gigantic ships with clean fuel. Danish firm Maersk is trying out green methanol made from biostock but it isn't really scalable or competitive. But of course only God, the Market, can decide what gets selected. “There has to be an economic mechanism by which you level the playing field so that people are incentivized and not punished for using low-carbon fuels,” said John Butler, the chief executive of the World Shipping Council, which represents container carriers including Maersk. No one is suggesting the possibility of less shipping. Not moving stuff thousands of miles around the globe.Because Capital flows would be restricted. God would be angry. Another crucial commodity that is hard to "green" is steel. In Great Britian they want to shutter blast furnaces and build electric arc furnaces which are far less polluting if the electricity comes from wind and solar. "Electrification would also appeal to customers that increasingly want to purchase greener steel to lower the carbon footprint of their products. “Demand is there right now for low-emission steel,” said James Campbell, an analyst at CRU Group, a consulting firm." Again, we must obey the Law of Supply and Demand. Anything else would be to go against God.