Maersk aims for carbon neutrality by 2050

Maersk aims for carbon neutrality by 2050

Maersk has pledged to be carbon neutral by 2050 but says an acceleration in new innovations and adaption of new technology is required to meet this goal.

Søren Toft, chief operating officer, A.P. Moller – Maersk said: “The only possible way to achieve the so-much-needed decarbonisation in our industry is by fully transforming to new carbon neutral fuels and supply chains.”

Maersk believes that research and development is key to take the industry away from today’s fossil based technology and develop commercially available carbon neutral vessels by 2030 The shipping liner hopes to generate a pull towards researchers, technology developers, investors, cargo owners and legislators that will activate strong industry involvement, co-development, and sponsorship of sustainable solutions that are not yet available in the maritime industry.

The company is now calling for innovative developments in new technologies to further drive emissions reductions, including in marine batteries to develop charging points and longer sailing times.

Mr Toft added: “The next 5-10 years are going to be crucial. We will invest significant resources for innovation and fleet technology to improve the technical and financial viability of decarbonised solutions. Over the last four years, we have invested around USD 1bn and engaged 50+ engineers each year in developing and deploying energy efficient solutions. Going forward we cannot do this alone.”

Maersk has reduced its CO2 emissions by 46 per cent from 2007 levels, approximately 9 per cent more than the industry average. In 2019, Maersk is planning to initiate open and collaborative dialogue with all possible parties to reduce emissions further and tackle climate change.