During the World Leaders Summit of COP27, the Republic of Korea and the United States announced technical cooperation to help facilitate establishment of a green shipping corridor. Green shipping corridors are a key means of spurring the early adoption of zero-emission fuels and technologies to place the shipping sector on a pathway to align with the goal of limiting global temperature rise to 1.5 degrees Celsius.
Together, the U.S. Department of State, the U.S. Department of Energy, the Ministry of Foreign Affairs of the Republic of Korea, the Ministry of Oceans and Fisheries of the Republic of Korea, and the Ministry of Trade, Industry and Energy of the Republic of Korea will undertake a feasibility study to explore the potential of creating a green shipping corridor between major cargo ports in the Republic of Korea and the United States.
This work will be performed through the Zero-Emission Shipping Mission in close consultation with the Northwest Seaport Alliance and the Port of Busan. The Northwest Seaport Alliance and the Port of Busan will provide data and information to complete this study and, upon its completion, will initiate discussions on next steps among key stakeholders.
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