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CEOs from 34 firms support IMO 2050 decarbonisation plans

08 Oct 2018

A group of CEOs from 34 companies supported the International Maritime Organization (IMO) climate strategy to reduce total greenhouse gas emissions by at least 50% by 2050, at the Global Maritime Forum.

To achieve this, the maritime industry needs to accelerate both technological and business model innovation, further improve operational and technical energy efficiency, and transition to zero-carbon fuels and new propulsion systems, they believe.

“Global seaborne trade’s transition to a low-carbon future will propel both technological and business model innovation,” says Claus Hemmingsen, Vice CEO of A.P. Moller – Maersk.

“The right incentives for accelerated investment into R&D can only come about if we get a global IMO based regulation. We invite stakeholders from the entire maritime spectrum to join us on this new journey.”

The leaders support the scientific rationale for urgent action presented by the Intergovernmental Panel on Climate Change and the IMO’s greenhouse gas studies.

“The International Maritime Organization has successfully aligned the global maritime industry with the climate change targets set in the Paris Accord,” agrees Jan Dieleman, President of Cargill Ocean Transportation.

“The shipping sector clearly shares a collective responsibility to transform its operations, build new technologies and infrastructure, and make sustainable shipping a reality.
“The industry is embracing the challenge and working side-by-side to drive progress and find solutions.”

The signatory CEOs believe that a shift to a low-carbon economy by 2050 has the potential to create new opportunities for business through both technological and business model innovation.

“Today we urge our peers from the entire maritime value chain to support decarbonisation and work with us to deliver the IMO’s strategic goal of reducing GHG emissions,” says Paul Wogan, CEO of GasLog.

“We encourage all of our customers and suppliers to demonstrate leadership through timely and appropriate action.”

The initial signatory CEOs are as follows:

  • P. Moller – Maersk, Claus Hemmingsen, Vice CEO
  • Amsterdam Trade Bank, Harris Antoniou, Chief Executive Officer
  • Anglo Eastern, Jan Bjorn Hojgaard, Chief Executive Officer
  • Caravel Group, Harry Banga, Chairman and Chief Executive Officer
  • Carbon Pricing Leadership Coalition, Angela Churie Kallhauge, Head
  • Cargill Ocean Tranportation, Jan Dieleman, President
  • Danish Ship Finance, Erik I. Lassen, Chief Executive Officer
  • Dorian LPG, John Hadjipateras, Chairman and Chief Executive Officer
  • DS Norden, Jan Rindbo, Chief Executive Officer
  • Environmental Defense Fund, Bryony Worthington, Executive Director
  • Euronav, Patrick Rodgers, Chief Executive Officer
  • Fairmont Shipping Ltd., Robert Alexander Ho, Chairman
  • Gaslog, Paul Wogan, Chairman and Member of the Board of Directors
  • Hempel, Henrik Andersen, Chief Executive Officer
  • IRISL – Islamic Republic of Iran Shipping Lines, Mohammad Saeidi, Chairman and Managing Director
  • KC Maritime HK Ltd., Vikrant Bhatia, Chief Executive Officer
  • LADOL, Amy Jadesimi, Managing Director
  • Liberian Registry, Scott Bergeron, Chief Executive Officer
  • Lloyd's Register, Alastair Marsh, CEO
  • Marine Capital Limited, Tony Foster, Chief Executive Officer
  • MISC, Yee Yang Chien, President and Group Chief Executive Officer
  • Maritime Strategies International Ltd., Adam Kent, Managing Director
  • Ocean Network Express Pte., Jeremy Nixon, Chief Executive Officer
  • Pacific Basin, Mats Berglund, Chief Executive Officer
  • Precious Shipping, Khalid Hashim, Managing Director
  • Rocky Mountain Institute, Jules Kortenhorst, Chief Executive Officer
  • Royal Arctic Line A/S, Verner Hammeken, Chief Executive Officer
  • SKULD, Ståle Hansen, President and Chief Executive Officer
  • The North American Marine Environment Protection Association (NAMEPA), Carleen Lyden Walker, Co-Founder/Executive Director
  • SEACOR Holdings Inc., Charles Fabrikant, Chairman and CEO
  • The Ocean Council, Paul Holthus, Founding President and CEO
  • Trafigura, Jeremy Weir, Chief Executive Officer
  • University College London, Tristan Smith, Reader in Energy and Shipping
  • Group, Ian El-Mokadem, Chief Executive Officer

Photo credit: Lloyd’s Register
Published: 8 October, 2018

 

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