Industry leaders & organizations call for decisive government action to enable full decarbonization of international shipping by 2050

22-09-2021 Member news, Sustainability

Industry leaders & organizations call for decisive government action to enable full decarbonization of international shipping by 2050

Paris La Défense, 22 September 2021 – Full decarbonization of international shipping is urgent and achievable. This is the clear message from more than 140 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, Bureau Veritas, 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.

Jane Fraser, Chief Executive Officer of Citi, commented: “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.”

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.

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

Johannah Christensen, Chief Executive Officer of the Global Maritime Forum, added: “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.”

Matthieu de Tugny, President Bureau Veritas Marine & Offshore, concluded: “At BV we are firm believers that an urgent and equitable decarbonization of the maritime supply chain by 2050 is possible and necessary. Shipping must reduce its GHG emissions and, to make tangible progress, cross-industry collaboration is key to success. That is the reason why we are supporting the Getting to Zero coalition. As a classification society, we are committed to concretely supporting the industry transition to a low-carbon future by developing a comprehensive set of rules and guidelines to help build and operate zero-carbon shipping solutions that meet the highest safety standards; actively engaging BV experts in R&D projects and by enabling real-scale pilots for pragmatic and technically feasible solutions; developing digital platforms to compute and report GHG emissions.”

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.