Coalition transition strategy launched to reach zero with concerted concerted action, full decarbonization of international shipping by 2050 is feasible
LONDON, October 27, 2021 / CNW / – Today, the Getting to Zero coalition launched its “Strategy for the Transition to Zero Emission Shipping,” a comprehensive study of the steps governments, industry and international organizations need to take to ensure the transition to zero emissions by 2050.
Shipping has undergone transitions in the past and may do so again. The report, prepared by University Maritime Advisory Services (UMAS) for the Getting to Zero coalition, demonstrates that this transition is an opportunity to create new markets, new technologies and new jobs, as well as wholesale benefits to society.
The Strategy is the first major report on maritime transport to combine transition theory with techno-economics. It provides new information on the essential elements of such a transition: the political, technical, economic and commercial requirements, and the necessary actions of the sector to meet them.
“Since 2018, the decarbonization debate has been dominated by deliberations over industry fuel choice and the chances of carbon pricing at IMO. This study shows that decarbonization of maritime transport needs attention. a broader perspective and a greater focus on the many levers for change that can and should be removed, including at the national and regional level, ”said Dr Tristan Smith, Associate Professor at UCL Energy Institute and the lead author of the report.
The report concludes that the fuel sector is not predetermined but will be impacted by the choices of the years to come. However, at this point in the maritime transport transition, the most urgent trade and policy actions are those that can help increase the production and use of scalable, zero-emission hydrogen-derived fuels.
“Industry leadership, collaboration and start-up investments from the private and public sectors are essential to initiate the transition and reduce costs and risks. By achieving 5% scalable zero-emission fuels in shipping by 2030, we can create the “switch-over” Jesse fahnestock, Head of Research and Analysis at the Global Maritime Forum during the launch of the transition strategy at the annual summit of the World Maritime Forum at Church House in London.
The report underlines that the transition to full decarbonisation by 2050 is possible, but that all actors must prepare for it in their own way. Countries and companies that have the potential to support and deploy zero-emission shipping during this decade must start working together to make it happen. Those who face higher obstacles to action must prepare flexible and robust strategies for the rapid change to come. And all parties should work to enable vigorous global action through the IMO.
“Success does not mean finding a single course of action, but rather a series of actions from different stakeholders, which can reinforce and complement each other to completely decarbonize the sector by 2050”, explains Margi Van Gogh Head of Supply Chain and Transportation, World Economic Forum.
The strategy for the transition to zero emission maritime transport was prepared by UMAS for the Getting to Zero coalition with funding from the Mission Possible Partnership (MPP).
About the Achieving Zero Coalition
The Getting to Zero Coalition is an industry-led collaborative platform that brings together key players in maritime and fuel value chains with the financial sector and others committed to making commercially viable zero-emission ships a reality. scalable by 2030. Coalition is a partnership between the World Maritime Forum, Friends of Ocean Action and the World Economic Forum.
About the World Maritime Forum
The Global Maritime Forum is an international non-profit organization committed to shaping the future of global maritime commerce to increase long-term sustainable economic development and human well-being.
About the Friends of Ocean Action
Friends of Ocean Action is a unique group of more than 55 global leaders from business, international organizations, civil society, science and academia who deliver rapid scalable solutions to the most pressing challenges facing the world. ocean is facing. It is hosted by the World Economic Forum in collaboration with the World Resources Institute.
About the World Economic Forum
The World Economic Forum is the international organization for public-private cooperation. The Forum engages key political, business, cultural and other leaders in society to shape global, regional and industry agendas. It was established in 1971 as a non-profit foundation and is headquartered in Geneva, Switzerland. He is independent, impartial and not tied to any particular interest.
UMAS provides advisory services and undertakes research for a wide range of public and private sector clients using models of the maritime transport system, big data on maritime transport and qualitative and social analysis of policy and commercial structure of the maritime transport system. UMAS’s work is based on cutting-edge data supported by rigorous research models and practices, making UMAS a global leader in two key areas; use big data to understand the drivers of shipping emissions; and use models to explore shipping transition to a zero emissions future. For more information visit: www.u-mas.co.uk
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SOURCE World Maritime Forum