Transitioning Shipping to Decarbonization
The International Maritime Organization has targeted a reduction in Greenhouse Gas emissions from shipping of at least 50% (v. 2008) by 2050.
To reach this goal, and to make the transition to full decarbonization possible, commercially viable zero emission vessels must start entering the global fleet by 2030, with their numbers scaled up through the 2030s and 2040s.
This will require both developing the vessels and the future fuel supply chain, which can only be done through close collaboration and deliberate collective action between the maritime industry, the energy sector, the financial sector, and governments and IGOs.
The “Getting to Zero Coalition” (GTZ) is an alliance of companies across the maritime, energy, infrastructure and finance sectors, supported by key governments and IGOs. GTZ is committed to getting commercially viable, deep sea, zero emission vessels, powered by zero emission fuels, into operation by 2030: maritime shipping’s moon shot ambition.
Recognizing the serious social and economic challenges of climate change, and the significant value of transitioning shipping to a decarbonized future, we are a committed member of GTZ and are signatories to the Call to Action for Shipping Decarbonization.”