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