As chairman of the world's largest maritime shipping company, Jim Hagemann Snabe thinks a lot about how goods get where they need to go and the impact their journey has on the planet. Leading the effort to decarbonize shipping by 2050, he shares a plan to convert green electricity into green liquid fuel to power vessels in a process called "power-to-X" -- and urges global leaders to join the voyage towards an innovative, sustainable and fast-approaching future.

Jim Hagemann Snabe: Dreams and details for a decarbonized future

Dreams and details for a decarbonized future

The quest for sustainable shipping faces a steep investment of $2 trillion, paralleling four years of oil and gas capital expenditure.

By 2050, transforming maritime shipping to zero-carbon with 'power-to-X' technology could slash global CO2 emissions by 9%.

Investing $2 trillion in green energy for shipping is projected, matching four years of current oil and gas capital expenditures.