NEW YORK: Representatives of the entire maritime value chain have called on governments ahead of the UN COP26 Summit in November to align shipping with the Paris Agreement temperature goal – now agreed by scientists to be 1.5C.
Developed by a multi-stakeholder task force, the call to action has been convened by the Getting to Zero Coalition and includes members from maritime shipping, chartering, finance, ports and fuel production.
They want a commitment by world leaders to decarbonise international shipping by 2050 and deliver a clear and equitable implementation plan when adopting the IMO GHG Strategy in 2023.
They also want support for industrial scale zero emission shipping projects by setting clear decarbonisation targets for domestic shipping; and provide incentives and support to first movers and broader deployment of zero emissions fuels and vessels.
This, they say, must result in zero emission shipping becoming the default choice by 2030 - with market-based measures agreed by 2025 to support the commercial deployment of zero emission vessels and fuels.
The industry says it has already invested in R&D and pilot projects, ordered and is building vessels to operate carbon neutrally, bought zero emission shipping services, invested in the production of net-zero emission fuels and port and bunkering infrastructure, and assessed and disclosed the climate alignment of shipping-related activities.
So far the declaration has been signed by executives from 150 industry participants including Anglo American, A.P. Moller - Maersk, BHP, BP, BW LPG, Cargill Ocean Transportation, Carnival Corporation, Citi, Daewoo Shipbuilding & Marine Engineering, ENGIE, Euronav, GasLog, Hapag-Lloyd, Lloyd’s Register, Mitsui O.S.K. Lines, MSC Mediterranean Shipping Company, Olympic Shipping and Management, Panama Canal Authority, Port of Rotterdam, Rio Tinto, Shell, Trafigura, Ultranav, Volvo and Yara.
Other companies are welcome to join the call: COP26@globalmaritimeforum.org
“Setting targets is only useful when you have the relevant value chain partners to realize them,” said Port of Antwerp CEO Jacques Vandermeiren. “The main efforts to reach net- zero emissions for shipping will take place on land. Port of Antwerp will enable this energy transition by integrating zero-carbon fuels in our own fleet and by facilitating bunker regulation and infrastructure for all other vessels.”
Story Type: News