Industry Leaders And Organisations Are Calling For Full Decarbonisation Of International Shipping By 2050

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Signatories of the Call to Action for Shipping Decarbonisation urge world leaders to align shipping with the Paris Agreement temperature goal.

The private sector is already taking important steps to decarbonise global supply chains. Now governments must deliver the policies that will supercharge the transition and make zero emission shipping the default choice by 2030.

Full decarbonisation of international shipping is urgent and achievable. This is the clear message from more than 150 industry leaders and organisations representing the entire maritime value chain, including shipping, cargo, energy, finance, ports, and infrastructure. In conjunction with the UN General Assembly and ahead of critical climate negotiations at COP26 in Glasgow this November, they call on governments to work together with industry to deliver the policies and investments needed to reach critical tipping points in decarbonising global supply chains and the global economy.

Signatories to the Call to Action for Shipping Decarbonisation include some of the world’s largest actors in global trade: A.P. Moller – Maersk, BHP, BP, BW LPG, Cargill, Carnival Corporation, Citi, Daewoo Shipbuilding & Marine Engineering, 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.

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Ships transport around 80 percent of global trade and account for about 3 percent of global greenhouse gas (GHG) emissions. In 2018, the UN’s International Maritime Organisation (IMO) adopted an initial GHG strategy. It aims to reduce international shipping’s total annual GHG emissions by at least 50 percent of 2008 levels by 2050. The strategy is set to be revised in 2023.

“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,” says Jane Fraser, chief executive officer of Citi.

The private sector is already taking concrete actions to decarbonise shipping. 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.

“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,” says Henriette Hallberg Thygesen, CEO, Fleet & Strategic Brands, A.P. Moller – Maersk.

“Decarbonising shipping is both critical to achieving net zero global emissions and increasingly urgent. Policymakers have a historic opportunity to accelerate this process by introducing a global carbon levy on marine fuels, to drive decarbonisation and incentivise investment in zero emissions fuels and vessels. The time for action is now,” says Jeremy Weir, executive chairman and chief executive officer at Trafigura.

“Decarbonising shipping should leave no country behind. To make the transition to zero emission shipping and fuels equitable and inclusive, policy measures must make sure that decarbonising shipping also brings jobs and opportunities to people in developing countries and emerging economies,” says Johannah Christensen, chief executive officer of the Global Maritime Forum.

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.

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.

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Photo by Ian Taylor on Unsplash

 

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