At the UN Climate Action Summit in New York in September, the Global Maritime Forum announced the Getting to Zero Coalition with the shared ambition of having commercially viable zero emission vessels operating along deep-sea trade routes by 2030, a vision that was first articulated at the Global Maritime Forum’s Annual Summit in 2018. Earlier this year, the Poseidon Principles – the world’s first sector-specific, self-governing climate alignment agreement amongst financial institutions – were formally launched in June.
This year’s Annual Summit will be an opportunity to discuss the progress made and to define the concrete next steps to put the maritime industry on the path towards a zero emission future. Key questions for discussion include:
- What are the fuels, technologies, and supply chains needed to transition to a low-carbon future?
- How can the development and deployment of low-carbon solutions be financed and de-risked, especially to motivate first movers?
- How can policies be accelerated at a local, national and regional level to enable a rapid shift away from the use of fossil fuels?
The discussions will be informed by expert presentations on the following topics:
- How to implement a carbon levy for shipping by Ian Parry, Principal Environmental Fiscal Policy Expert at the International Monetary Fund (IMF)
- Zero emission fuels for shipping by John Kornerup Bang, Head of Sustainability Strategy and Chief Advisor on Climate Change at A.P. Møller-Mærsk and Nick Brown, Director, Marine & Offshore at Lloyd’s Register
- Viable pathways for shipping’s decarbonization by Roland Roesch, Deputy Director, Innovation and Technology Center at the International Renewable Energy Agency (IRENA)
- Environmental law activism and what it means for the maritime industry by Stephanie Morton, Climate Finance Lawyer, Client Earth
In preparing for the discussions, you may find the following materials helpful:
- Could a carbon levy in shipping be an effective way to help reach the IMO greenhouse gas reduction goals?
- How the shipping industry can go carbon-free
- Banks launch green charter to help shipping reduce its carbon footprint
- Three pathways to shipping’s decarbonization
- Getting to Zero Coalition Ambition Statement and project outline