Green Corridors: Feasibility Phase Blueprint
Introduction to the Green Corridor Feasibility Phase Blueprint
Green corridors are a great enabler of zero-carbon shipping. But how can this important concept be turned into reality?
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, in a joint effort with McKinsey & Company, has developed a new blueprint for assessing the feasibility of green corridors. The blueprint provides an approach to designing and demonstrating the feasibility of green corridors. It is intended to serve as a ready-to-use guide for any stakeholder involved in green corridors for decarbonizing shipping and includes 80+ off-the-shelf pages outlining methodology, analysis, and illustrative templates at each step of the value chain and across the ecosystem.
Green corridors are increasingly seen as an essential part of the solution, viewed as catalyzers to the transition toward zero carbon shipping. Establishing green shipping corridors, where vessels can run on alternative fuels, will be an essential step to decarbonize shipping. However, there is still limited knowledge on how to take green corridor concepts from ideas to implementation.
The guide is relevant to all stakeholders that wish to engage in green corridors. It can be used by individual stakeholders assessing feasibility at single steps of the supply chain or by a consortium and stakeholder collaborations addressing feasibility across the supply chain and ecosystem. The starting point for the feasibility phase blueprint is the assumption that a green corridor has been selected.
The purpose of the feasibility blueprint is to provide a framework for a deeper evaluation of the selected green corridor scenario to determine its technical, economic and regulatory feasibility and identify levers and actions to mitigate potential gaps and risks.
The blueprint is a living document that will be refined over time as we collectively gain more knowledge and hands-on experience building green corridors. We welcome any knowledge sharing that can bring us closer to implementing green corridors and moving the industry toward zero carbon shipping.
How can the blueprint be used?
- The blueprint is intended to serve as a ‘ready to use guide’ to conduct feasibility assessments for any stakeholder involved in green corridors
- The guide can be used by individual stakeholders assessing feasibility at single steps of the supply chain and in concerted action across the green corridor eco system
- The guide is a phased, stepwise methodology that over the course of seven chapters outlines the key questions and analysis that each member of the supply chain should consider to assess the green corridor’s feasibility
- The blueprint brings together all the analyses in the final chapters and highlights the key actions that must be taken to turn the corridor from an idea to reality
- The resources required for the feasibility assessment depends on the scope of the green corridor and maturity of the supply chains involved
- The blueprint is a living document that will evolve and be refined over time as the sector gains more knowledge and hands-on experience with realizing green corridors