Top global companies call for zero emmissions shipping by 2050

- Advertisement -


LONDON, Sep 22 (Businesshala) – More than 150 major companies and organizations, including oil majors and port authorities, on Wednesday called for the global shipping industry to be fully decarbonized by 2050, warning governments to limit the timing of action. urged.

- Advertisement -

About 90% of world trade is carried by sea, global shipping accounts for about 3% of the world’s CO2 emissions and there is increasing pressure to clean up the region.

- Advertisement -

The UN shipping agency International Maritime Organization (IMO) has said it aims to reduce total greenhouse gas (GHG) emissions from ships by 50% by 2050 from 2008 levels, but industry groups are calling for swift action from governments .

In the latest initiative companies and groups – from shipping, chartering, finance, ports and fuel production – say stronger measures are needed to ensure the region meets climate goals set by the Paris Agreement, which seek to reduce global warming. Wants to limit to less than 2 °C.

- Advertisement -

“The clock is ticking,” said Hugo de Stoop, chief executive of leading tanker company Euronav (EUAV.BR).

The Call to Action initiative, developed by the World Economic Forum, the non-profit Global Maritime Forum and other partners, said decarbonization of shipping can happen “only with the urgency and the need for scale” if governments and regulators establish appropriate policy frameworks.

Jeremy Weir, CEO of trading company Trafigura, said: “Policymakers have a historic opportunity to accelerate this process by introducing a global carbon levy on marine fuels, promoting decarbonization and encouraging investment in zero-emission fuels and ships. Is.”

A spokesman for the IMO said the UN agency had “clear plans for further work”, including discussion of further measures to reduce GHG emissions from ships, which would require member states to “review the current strategy and develop new strategies”. Will provide an opportunity to pursue proposals of ambitions”.

Other signatories to the initiative include container lines AP Möller – Maersk (MAERSKb.CO), MSC and Hapag Lloyd (HLAG.DE), oil majors BP (BP.L) and Royal Dutch Shell (RDSa.L), mining group BHP (BHPB). .L) and Rio Tinto (RIO.L), the agricultural conglomerate Cargill and Bunge and others such as the ports of Rotterdam and Antwerp, as well as the Panama Canal Authority.

.

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox