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Norwegian 2050 GHG strategy entails ban on non climate neutral bunker fuel

20 May 2020

The Norwegian Shipowners’ Association on Tuesday (19 May) said Norwegian shipping companies have committed themselves to reducing greenhouse gas emissions to zero by 2050 through adopting four ambitious goals laid out in a climate strategy. 

The goals state that members will cut their greenhouse gas emissions by 50% per transported unit by 2030, compared to 2008. 

From 2030, Norwegian Shipowners’ Association says its members will only order vessels with zero emission technology. 

From 2050, the Norwegian fleet aims to be climate neutral. The strategy also entails an international ban from 2050 on fuel types that are not climate neutral, it adds.

“Norwegian shipping is taking a leading role by setting ambitious goals for the development of new and profitable green technology,” says Harald Solberg, CEO of the Norwegian Shipowners’ Association. 

“We have high ambitions, even in areas that today do not have commercially available technological solutions. 

“We believe ambitious goals will help accelerate the necessary development. This means that the entire industry, in collaboration with the authorities, both nationally and internationally, must engage in developing new solutions.” 

Norwegian shipping sees great business opportunities in taking leadership in the development of innovative technology that the maritime industry and the world need, states the association.

While contributing to the mitigation of global warming, and providing cleaner air and healthier oceans, new and green jobs will be created.

“We need new technology and new sustainable solutions, and development must happen quickly,” adds Solberg. 

“We can meet global climate targets while generating business opportunities . We have already accomplished a great deal, and now we want to do even more,” he concludes.

Photo credit: The Norwegian Shipowners’ Association
Published: 20 May, 2020


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