Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, September 22 2021 - 09:30
Over 150 industry leaders and organizations call for decisive government action to enable full decarbonization of international shipping by 2050
COPENHAGEN, Denmark, Sept. 22, 2021 /PRNewswire-AsiaNet/ --

- Signatories of the Call to Action for Shipping Decarbonization urge world 
leaders to align shipping with the Paris Agreement temperature goal. The 
private sector is already taking important steps to decarbonize 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 decarbonization of international shipping is urgent and achievable. This 
is the clear message from more than 150 industry leaders and organizations 
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 
decarbonizing global supply chains and the global economy.

Signatories to the Call to Action for Shipping Decarbonization 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. 

Ships transport around 80% of global trade and account for about 3% of global 
greenhouse gas (GHG) emissions. In 2018, the UN's International Maritime 
Organization (IMO) adopted an initial GHG strategy. It aims to reduce 
international shipping's total annual GHG emissions by at least 50% 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 decarbonize 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 decarbonize, shipping must decarbonize. Our customers are 
looking to us to decarbonize 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 - 

"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.

"Decarbonizing 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 decarbonizing 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 Decarbonization call on world 
leaders to: 

Commit to decarbonizing 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 decarbonization 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 Decarbonization 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.

Learn more about the Call to Action for Shipping Decarbonization and see the 
full list of Signatories here.

Learn more about what concrete actions Signatories of the Call to Action for 
Shipping Decarbonization are taking in support of shipping decarbonization here.

Further information: 
Sofie Rud 
Senior Communications Advisor
+45 28102332

Source: Global Maritime Forum