LONDON: According to Race To Zero, the UN-backed global campaign to get commitments from non-state actors to halve their emissions by 2030, the global shipping community has yet to get on board.
Despite announcements from Maersk, Hyundai Merchant Marine, CMB, CMA CGM, DFDS, Stena Line, the Swedish Ship Owners’ Association and the Norwegian Ship Owners’ Association to reach net-zero by 2050, only Maersk has signed up to the 1.5 degrees Celsius Race to Zero goal.
Already on board are 100 major fashion retailers via The Fashion Charter for Climate Action; 87 financial institutions with a total US$37 trillion in assets through the Net Zero Asset Managers Initiative; over 2,300 businesses and 700 cities.
Race to Zero facilitators Gonzalo Muñoz & Nigel Topping say shipping companies, fuel producers, investors and other industry actors who want to remain in business “must crystallise that ambition in a detailed strategy” and join the initiative.
“This will send a clear message to governments and regulators, putting pressure on them to establish the necessary regulatory framework and support. It will also demonstrate to the general public that the shipping industry is intent on taking a leading role in the just, healthy and resilient transition to a zero carbon world,” they add.
Shipping industry stakeholders can join Race to Zero by joining a Partner initiative, such as Business Ambition for 1.5°C by the Science Based Target Initiative (SBTi), The Climate Pledge, or SME Climate Hub.
Meanwhile short-sea operator Wallenius SOL has two RoRo vessels under construction at the CIMC Raffles shipyard in China. They will run on LNG and when entering service at the end of 2021 will reduce GHG emissions (63 percent), NOx (96 percent), SOx (99 percent) and particulates (99 percent). They will also be the world’s first ice-rated RoRo ship running on multi-fuel with a deadweight of 26,900 tonnes.
According to IVL – the independent Swedish Environmental Research Institute, the new class of vessel will be significantly more energy efficient in terms of the weight of cargo transported.
Story Type: News