Simply Trade [News]: Sustainable Green Ports, China’s Surging Chip Trade, and the Indo-Pacific Economic Framework
The Los Angeles and Long Beach ports are taking action to reduce emissions from goods movement with $60 million available to purchase zero-emission trucks. Tune in to hear a discussion on the opportunities and challenges for greening international supply chains.
Main Points - The LA and Long Beach ports will each contribute $30M from user fees to a "Clean Truck Fund" to support the purchase of zero-emission trucks. This could jumpstart a transition at a critical point in international supply chains. - Ports are a promising place to introduce emission-free vehicles due to their contained operating areas and short-haul routes. However, challenges remain around infrastructure, costs, and long-term viability. - Progress on the US-China Indo-Pacific Economic Framework remains slow and more work is needed to finalize agreements on climate, supply chain resilience, and other issues.
Transitioning to green technologies in international logistics and trade will require coordinated global efforts. This episode explored some on-the-ground initiatives and ongoing discussions that aim to reduce emissions and build more sustainable supply chains over the long run.
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