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Argus Media: Denmark, US urge IMO to set ambitious shipping targets

03 Nov 2021

Caroline Varin of global energy and commodity price reporting agency Argus Media on Monday (1 November) published a report of Denmark and US encouraging the International Maritime Organization (IMO) to set more ambitious targets for IMO 2050:

Denmark and the US today urged the International Maritime Organisation (IMO) to set more ambitious targets to achieve zero emissions in shipping by 2050, at a side event during the UN Cop 26 climate conference.

Denmark prime minister Mette Frederiksen said that to succeed in reaching zero emissions in shipping by 2050, efforts needed to be combined with the private sector and needed to be cross-border.

“We do not have all the answers yet, but we know the importance of setting binding targets,” she said, pointing at the IMO.

The IMO’s current target is for a 50pc reduction in overall greenhouse gas (GHG) emissions by 2050 compared with 2008 levels, and for a 70pc cut in CO2 emissions over the same timeframe.

Full decarbonisation of the shipping sector is fully achievable and will be a significant contributor to efforts to reach the goal of limiting global warming to 1.5°C, US special presidential envoy for climate John Kerry said today. But Kerry said shipping was also one of the areas that “fallen behind historically”.

“Clearly shipping is part of the solution,” he said.

Shipping giant AP Moeller-Maersk, which has joined calls to push the IMO to do more in terms of legislation in the shipping sector, acknowledged the fact that net zero fuels were not widely available at present.

“We have secured the fuel for our first net zero vessel due in 2023 and we are working very hard to secure the fuel for the next deliveries in 2024,” fleet and strategic brands chief executive Henriette Hallberg Thygesen said.

Maersk has ordered nine methanol container ships for delivery between 2023 and 2024. The ships will have dual-fuel engines, and can also run on conventional low sulphur fuels.

Denmark’s Frederiksen said that establishing the capacity to produce green fuel is a challenge. “But we will be able to find the necessary solutions, and at the same time, if we are not willing to put these goals on the table, I do not think we will be able to find the answers,” she said.

The ICS last month, ahead of Cop 26, also urged the IMO to set a target for net zero emissions by 2050.

 

Photo credit and source:  Argus Media
Published: 3 November, 2021

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