The Getting to Zero Coalition, part of the Global Maritime Forum, has put forward four key work streams for the maritime industry to make commercial shipping carbon-free.
The work streams include encouraging innovation and making the industry more open to innovation and collaboration, and pinpointing opportunities for environmentally-friendly policies.
Specifically, they are designed to:
- Explore fuels, technologies and transition pathways by narrowing technology and fuel options as well as mapping out safety implications, guidelines and regulations for scaling up new fuels.
- Motivate ‘first movers’ to kick-start shipping’s zero emission future by exploring policies, demand drivers and funding mechanisms to de-risk first mover investments.
- Close the competitiveness gap for zero-emission shipping by exploring policy instruments and market-based measures to close the competitiveness gap between conventional and zero-emission fuels and associated infrastructure to encourage mass uptake
- Explore global opportunities for zero-emission fuels exports by mapping countries with the potential to generate and export zero-emission fuels
These work streams were announced at the Global Maritime Forum’s meeting in Copenhagen, which was attended by 100 of the Coalition’s members.
More than 120 public and private organisations have joined the Getting to Zero Coalition since it was founded, and it has been endorsed by 14 governments.
Its goal is to reduce total annual greenhouse gas emissions from international shipping by at least 50% of 2008 levels by 2050.
Anthony Hobley, Executive Director, Mission Possible Platform, World Economic Forum, said: “I am struck by the level of engagement from every part of the maritime value chain – and beyond – represented here today.
“Maritime is one of the so called hard to abate industrial sectors and the sector has chosen to see that as a challenge to take action rather than an excuse to do nothing.
“The commitment to put net zero carbon ships in the water by 2030 shows true leadership in the response to the climate emergency”.