Green shipping corridors are voluntary, international partnerships across the shipping value chain, involving ports, shipping lines, cargo owners and government departments at different levels. As part of a viable technical, commercial and regulatory framework, they are critical to achieving zero-emission shipping.
Green shipping corridor partnerships are ‘coalitions of the willing’, involving partners from multiple countries who are used to being customers or competitors, and who have different risk tolerances and commercial investment capacities. These partnerships pose inherent challenges and complexities that need to be effectively managed.
This report, developed in partnership with C40 Cities, looks at the central role of green shipping corridors in shipping decarbonisation and offers guidance on governance mechanisms to allow these multi-level partnerships advance and achieve climate action.