驶向净零

Authors andAcknowledgements Authors Patience Bukirwa, Cato Koole, Dhakshin Kumar, Ankur Malyan, Abby Martin Additional Contributors Parimal Kogekar, Jagabanta Ningthoujam, Aparajit Pandey Contacts Aparajit Pandey (Principal - RMI Shipping Program)maritimepolicy@rmi.orgJagabanta Ningthoujam (Principal- RMI India Program)indiacomms@rmi.org Copyrights and Citation Copyright:RMI values collaboration and aims to accelerate the energy transition through sharing knowledge and insights. Wetherefore allow interested parties to reference, share, and cite our work through the Creative Commons CC BY-SA 4.0 license.https://creativecommons.org/licenses/by-sa/4.0/ Citation:Patience Bukirwa, Cato Koole, Dhakshin Kumar, Ankur Malyan, and Abby Martin, Sailing Towards Net Zero: UnlockingIndia’s e-fuel corridor potential, RMI, 2025, https://rmi.org/insight/sailing-towards-net-zero. Acknowledgements We extend our sincere gratitude to the Shri R. Lakshmanan, joint secretary (Ports, PPP, CS, Sagarmala-I, & IT) and Shri RajeshAsati, deputy secretary (PD-II,III & IV) from the Ministry of Ports, Shipping and Waterways (MoPSW) for their visionary leadership,dedicated support and strategic guidance throughout the development of this report. Their strategic vision and steadfastcommitment to decarbonising India’s maritime sector have been instrumental in shaping the direction and depth of this work. We arealso deeply thankful to Karan Sharma, senior manager, Invest India, for his comprehensive review, insightful feedback and proactiveengagement, and Mr. Vineep Singh, marine engineer, MoPSW, for his continuous support in facilitating the progress of this project. Additionally, we extend our heartful appreciation to Shri Susanta Kumar Purohit, IRSEE, chairman, Shri Rajesh Soundararajan,IAS, deputy chairman, Shri Nihar Ranjan Bhoi, deputy chief mechanical engineer, and Ms. Vennela E, assistant director(Strategy) of the V.O. Chidambaranar Port Authority (VOCPA) for their invaluable expertise and insightful contributions thathave significantly enriched the depth and quality of this report. We extend our sincere appreciation and gratitude to the following individuals for their valuable contributions in reviewing Akshima Ghate, Managing Director, RMI India ProgramLoftur Thorarinsson, Head - New Energies, Mitsui O.S.K. Lines, Ltd. (MOL)Souvik Bhattacharjya, Senior Fellow & ADIR Resource Efficiency and Governance, The National Centre of Excellence inGreen Ports and Shipping. We are profoundly grateful for the time and effort they devoted to reviewing this work, sharing their valuable perspectives, andensuring the accuracy and relevance of our findings. Their guidance and support have been instrumental in shaping the finalcontent and aligning it with India ’s opportunity to catalyse green shipping corridors. About Rocky Mountain Institute (RMI) is an independent, nonpartisannonprofit founded in 1982 that transforms global energy systemsthrough market-driven solutions to secure a prosperous, resilient,clean energy future for all. In collaboration with businesses,policymakers, funders, communities, and other partners, RMI drivesinvestment to scale clean energy solutions, reduce energy waste,and boost access to affordable clean energy in ways that enhancesecurity, strengthen the economy, and improve people’s livelihoods.RMI is active in over 50 countries. Table of Contents Executive Summary51.Introduction102.Global Policy Context142.1.The IMO Net-Zero Framework152.2.Policy environment in India172.3.Policy environment in the EU182.4.Policy environment in Singapore183.Corridor Opportunity Sizing for VOC Port193.1.Green hydrogen derivative demand from Europe203.2.Green hydrogen derivative demand from Singapore213.3.E-fuel demand required by the international corridors254.Cost Competitiveness of India’s E-Fuels284.1.Cost of e-fuels at VOC Port294.2.Competitiveness of VOC Port versus other e-fuel production regions304.3.Impact of shipping dynamics on delivered e-fuel prices at destination ports335.State of Enabling Ecosystem for Corridor Implementation395.1.Stakeholders leading adoption of e-fuel pathways405.2.Port readiness to handle e-fuels446.Conclusion and the Way Forward48Appendix: Methodology49Endnotes60 Executive Summary The International Maritime Organization’s (IMO’s) ambitious climate goal of attaining net-zero emissions from internationalshipping by 2050 has set the right ambitions for global maritime sector decarbonisation. Green shipping corridors arebecoming a critical tool for accelerating the adoption of zero- and near-zero emission fuels to achieve this goal. India is positioned well to be a leader in this transition. Buoyed by abundant renewable energy resources and resulting lowgreen hydrogen production costs, India can spearhead the market development for green hydrogen-derivative fuels. India’sMinistry of Ports, Shipping and Waterways (MoPSW) is also leveraging its geography and prioritising the ports of Deenday