More than 150 organizations support the total decarbonization of international maritime transport

The total decarbonization of international maritime transport is urgent and achievable. This is the clear message of more than 150 leaders and industry organizations representing the entire maritime value chain, which includes shipping, cargo, energy, finance, ports, and infrastructure. Together with the UN General Assembly and before COP26 crucial climatic negotiations in Glasgow in November, they are asking governments to work together with the sector to draw up policies and make the investments needed to address critical points to achieve the de-carbonization of global supply chains and world economy.

Among the signatories of Call to Action for Shipping Descarbarization (appeal to action for the decarbonization of maritime transport) are some of the world’s greatest actors in global trade: AP Moller – Maersk, BHP, BP, BW LPG, Cargill, Carnival Corporation, Citi, Daewoo Shipbuilding & Marine Engineering, Euronav, Gaslog, Hapag-Lloyd, Lloyd’s Register, Mitsui Osk Lines, MSC Mediterranean Shipping Company, Olympic Shipping and Management, Panama Canal Authority, Rotterdam Harbor, Rio Tinto, Shell, Trafigura, Ultranav, Volvo, and Yara.

Vessels carry about 80% of world trade and account for about 3% of global greenhouse gas emissions (GHG). In 2018, the UN International Maritime Organization (IMO) adopted an initial strategy in relation to GHG. The objective is to reduce the annual GHG emissions generated by international maritime transport to at least 50% of 2008 levels by 2050. The strategy is expected to be revised in 2023.

The private sector is already taking concrete measures to de-carbonize maritime transport. Among them are investments in R & D and pilot projects, orders and construction of vessels with carbon-neutral operations, purchase of transport services with zero emissions, investments in the production of fuels with zero net emissions, investments in ports and bunkering infrastructure, and evaluation and disclosure of climate alignment for activities related to maritime transport.

The Call to Action for Shipping Descarbonization signatories are asking world leaders for:

Commitment to de-carbonize maritime transportation by 2050 and elaboration of a clear and equitable implementation plan to achieve this goal by adopting IMO’s GHI GEE strategy in 2023.

Support maritime transport projects with zero emissions at the industrial level through national actions such as establishing clear degradation goals for domestic maritime transport and giving incentives and support to pioneers and for a broader implementation of fuels and vessels with zero emissions.

Developing policies that make maritime transport with zero emissions the standard choice by 2030, including relevant market-based measures that enter into force by 2025 and which can support the commercial implementation of zero-emissions vessels and fuels in international shipping.

Source: Panorama Mercantil

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