Abstract
Carbon Dioxide (CO2), Methane (CH4), Nitrous Oxide (N2O), and other gases are all greenhouse gases. However, the most significant contributor to climate change is CO2. Maritime decarbonization is a complex challenge with multiple pathways at different technological and operational readiness levels. As a concept, green shipping corridors are similar to special economic zones at sea. They provide a platform for stakeholders in the value chain to collaborate and implement new technologies and business models on a large scale. The most significant advantage of such an initiative is to help diverse and fragmented industries align and diversify their collective risks. The article employed a comparative literature analysis and interviewed relevant stakeholders to derive its conclusions. Based on this analysis, it advocates for taking action and implementing these measures by engaging stakeholders. Critical decisions concerning the green components of shipping corridors revolve around viable fuel pathways, policies and regulations, customer demands, and cross-value chain collaboration.
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