PR91772

COPENHAGEN, Denmark, Sept. 22, 2021 /PRNewswire=KYODO JBN/ --

- 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 -

Maersk.

"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

rud@globalmaritimeforum.org

+45 28102332

Source: Global Maritime Forum