Over 150 industry leaders and organisations representing the entire maritime value chain have made a call to government for decisive action to enable full decarbonisation of international shipping by 2050.
The UN’s International Maritime Organization (IMO) aims to reduce international shipping’s total annual greenhouse gas (GHG) emissions by at least 50 per cent of 2008 levels by 2050. To achieve this target, zero emission shipping must be the default choice by 2030. The strategy to meet this target is set to be revised in 2023.
The Call to Action for Shipping Decarbonisation calls upon world leaders to supercharge the transition and align shipping with the Paris Agreement temperature goal.
The private sector is already taking important steps to decarbonise global supply chains. This includes investing in RD&D and pilot projects, ordering and building vessels operated carbon neutrally, buying zero emission shipping services, investing in the production of net-zero emission fuels, investing in port and bunkering infrastructure, and assessing and disclosing the climate alignment of shipping related activities.
Signatories of the Call to Action for Shipping Decarbonisation call on world leaders to:
- Commit to decarbonising international shipping by 2050 and deliver a clear and equitable implementation plan to achieve this when adopting the IMO GHG Strategy in 2023
- Support industrial scale zero emission shipping projects through national action, for instance by setting clear decarbonisation targets for domestic shipping and by providing incentives and support to first movers and broader deployment of zero emissions fuels and vessels
- Deliver policy measures that will make zero emission shipping the default choice by 2030, including meaningful market-based measures, taking effect by 2025 that can support the commercial deployment of zero emission vessels and fuels in international shipping
Signatories to the Call to Action for Shipping Decarbonisation include 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.
The Call to Action for Shipping Decarbonisation has been developed by a multi-stakeholder taskforce convened by the Getting to Zero Coalition – a partnership between the Global Maritime Forum, the World Economic Forum, and Friends of Ocean Action. Members of the taskforce include Cargill Ocean Transportation, Citi, the COP26 Climate Champions team, the Energy Transitions Commission, Lloyd’s Register, Port of Antwerp, Torvald Klaveness, Trafigura, Yara, and UMAS.
“Now is the time to raise our ambitions and align shipping worldwide—a significant carrier of global trade—with the goals of the Paris Agreement. We are working closely with our clients to advance the shipping industry’s transition to net zero emissions and, with the support of strong public policy measures, we can accelerate our collective efforts to decarbonise the global economy,” said Jane Fraser, chief executive officer, Citi.
“For the world to decarbonise, shipping must decarbonise. Our customers are looking to us to decarbonise their supply chain emissions. We are investing significantly in the carbon neutral emissions technologies that are readily available. To make such investments the default choice across our industry, we need a market-based measure to close the competitiveness gap between fossil and zero emission fuels of today and the carbon neutral fuels of tomorrow,” said Henriette Hallberg Thygesen, chief executive officer of fleet & strategic brands, A.P. Moller – Maersk.