TOKYO -- The Japanese government will team up with local shipping lines and shipbuilders to develop new types of vessels fueled by ammonia or hydrogen, Nikkei has learned, with demonstrations of the carriers planned for 2026.
The government plans to invest about 30 trillion yen ($220 billion) by 2050 to achieve net-zero greenhouse gas emissions. The shipping sector is essential to Japan's decarbonization efforts, as the country relies on sea vessels to bring much of its food and natural resources.
