Country for PR: United Kingdom
Contributor: PR Newswire Europe
Monday, September 23 2019 - 22:00
Global Maritime Foundation: Maritime Shipping's Moon-shot Ambition Announced at UN Climate Action Summit
COPENHAGEN, Denmark, Sept. 23, 2019, /PRNewswire-AsiaNet/--

Before heads of state and government at today's UN Climate Action Summit in New 
York, members of the Getting to Zero Coalition - a powerful alliance 
representing senior leaders within the maritime, energy, infrastructure and 
finance sectors, supported by decision-makers from government and IGO's - 
announce, that they will lead the push for shipping's decarbonization.

The ambition of the Getting to Zero Coalition is closely aligned with the UN 
International Maritime Organization's Initial GHG Strategy. It prescribes that 
international shipping must reduce its total annual greenhouse gas emissions by 
at least 50% of 2008 levels by 2050. The Coalition is committed to making this 
ambitious target a reality by getting commercially viable deep sea zero 
emission vessels powered by zero emission fuels into operation by 2030.

The Getting to Zero Coalition is a partnership between the Global Maritime 
Forum, the Friends of Ocean Action, and the World Economic Forum. The Coalition 
is supported by more than 70 public and private organizations, of which two 

"Energy efficiency has been an important tool which has helped us reduce CO2 
emissions per container with 41% over the last decade and position ourselves as 
a leader 10% ahead of the industry average. However, efficiency measures can 
only keep shipping emissions stable, not eliminate them. To take the next big 
step change towards decarbonization of shipping, a shift in propulsion 
technologies or a shift to clean fuels is required which implies close 
collaboration from all parties. The coalition launched today is a crucial 
vehicle to make this collaboration happen," says Søren Skou, CEO of A.P. Møller 

"Decarbonizing maritime shipping is a huge task with no simple answer, but it 
has to be done," says Ben van Beurden, CEO of Royal Dutch Shell. "We intend to 
be part of the long-term, zero-carbon, solution by seeking out the most 
feasible technologies that can work at a global scale. Starting now is 
essential because ships built today will stay on the water for decades."

Shipping can accelerate the broader energy transition and bring substantial 
development gains

The Getting to Zero Coalition may prove to be a catalyst for the broader energy 
transition if shipping becomes a reliable source of demand for zero emission 
fuels and thus be an important point of leverage for change across other 
hard-to-abate sectors.
"Climate change is a serious social and economic challenge that requires urgent 
action from both the public and private sectors," says Michael Corbat, CEO of 
Citigroup, and Coalition member. "We are hopeful that the work of the Getting 
to Zero Coalition will inspire other hard-to-abate sectors to work together 
towards accelerating the decarbonization of their industries as global trade 
flows – and consequently carbon emissions – continue to rise," he continues.

The demand for zero emission fuels derived from renewable resources has the 
potential to drive substantial investment in clean energy projects in 
developing countries.
"The Global Infrastructure Facility stands ready to support governments in 
emerging markets and developing economies, along with our partner multilateral 
development banks, with funding and technical expertise to plan, design, and 
mobilize private investment in the infrastructure solutions necessary to 
support decarbonization of shipping and contribute to the goals of the Getting 
to Zero Coalition," says Jason Lu, Head of the Global Infrastructure Facility.

For further information: 
Head of Communications
Torben Vemmelund or 

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SOURCE: Global Maritime Foundation