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Yo_Mama_Been_Loggin

(107,063 posts)
Thu Jan 13, 2022, 01:34 PM Jan 2022

'Green' fuels will cost the consumer -- but we need to think long term, Maersk CEO says

The CEO of shipping giant Moller-Maersk admitted to CNBC Thursday that shifting to "green" fuels would come at a cost, but emphasized the importance of focusing on the bigger picture rather than short-term pain.

Soren Skou's comments come a day after his company said it wanted the entire business to reach net-zero greenhouse gas emissions in the year 2040, 10 years ahead of its previous goal.

"When we embark on this carbon neutrality journey, we are going to use … green fuels," Skou, who was speaking to CNBC's "Squawk Box Europe," said. As a starting point, these fuels were "probably two to three times … much more expensive," Skou said.

"But we're looking at this over a 20 year horizon and therefore, we think that the inflationary impact will be very modest when it comes out to the consumer."

https://www.msn.com/en-us/money/markets/green-fuels-will-cost-the-consumer-%e2%80%94-but-we-need-to-think-long-term-maersk-ceo-says/ar-AASKaK9

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'Green' fuels will cost the consumer -- but we need to think long term, Maersk CEO says (Original Post) Yo_Mama_Been_Loggin Jan 2022 OP
Most "green fuels" are not green. hunter Jan 2022 #1

hunter

(38,263 posts)
1. Most "green fuels" are not green.
Thu Jan 13, 2022, 04:17 PM
Jan 2022

Some particularly onerous fuels are corn ethanol and biodiesel made from palm oil.

Agriculture can be a very dirty business. We should probably minimize our dependence on it, mostly by avoiding dirty "green" fuels and factory farm meat and dairy products.

We probably don't want nuclear powered container ships since too many of these ships are poorly maintained and run by minimally qualified crews -- not the sort of people you'd want running nuclear power plants.

Carbon neutral transportation fuels could be synthesized at well managed nuclear power plants using carbon dioxide extracted from the air or ocean.

Here's a process the U.S. Navy is developing:

https://www.navy.mil/Press-Office/News-Stories/Article/2259523/nrl-seawater-carbon-capture-process-receives-us-patent/

https://en.wikipedia.org/wiki/Heather_Willauer

In this scheme nuclear powered aircraft carriers might make fuel for their aircraft and smaller fuel powered support vessels.

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