A.P. Moller-Maersk, the world’s biggest carrier, has announced plans to have carbon neutral vessels commercially viable by 2030.
The target is aimed at accelerating the transition to carbon-neutral shipping, which Maersk hopes to reach by 2050, according to a statement.
The company says that in order to reach this goal its ships must be emitting zero CO2 by 2030 because the lifetime of a vessel is between 20-25 years.
It goes onto say that the different partners from across the maritime sector need to “join forces” and start developing new eco-friendly vessels that will be industry standard by 2050.
To that end, Maersk is planning on opening collaborative dialogue with a wide range of parties to tackle climate change.
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Soren Toft, Chief Operating Officer, Maersk, says: “The only possible way to achieve the so-much-needed decarbonization in our industry is by fully transforming to new carbon-neutral fuels and supply chains.”
“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 decarbonized 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”