“Climate change is one of the greatest challenges for the safety of our world. All participants in the maritime value chain must collaborate to accelerate the transition to low, or no, carbon operating models.”
Alastair Marsh, Chief Executive Officer, Lloyd’s Register
Shipping made a breakthrough on climate change last year, when governments at the UN’s International Maritime Organization (IMO) agreed on an ambitious plan – to at least halve the sector’s greenhouse gas emissions by 2050. Meeting this goal, and those set by the Paris Climate Accord, requires a rapid shift away from the use of fossil fuels.
At the Global Maritime Forum’s Annual Summit in 2018, industry leaders united around the objective of making deep-sea zero-emission vessels a commercially viable and scalable reality by 2030 and issued a Call to Action setting out some of the steps necessary to make this possible. A transition to zero-emission fuels and new propulsion systems will require both technological and business model innovation. Additionally, there is a need to push innovation and research from the drawing board onto the high seas and form at-scale demonstration projects as soon as possible. The Global Maritime Forum’s Annual Summit will be an important opportunity to discuss the progress made in the past year and work collaboratively to define the concrete next steps which can put the maritime industry on the right path towards a low-carbon future.
- What are the fuels, technologies, and supply chains needed to transition to a low-carbon future?
- How can the maritime industry finance and de-risk the development and deployment of low-carbon solutions?
- How can policies be accelerated at a local, national and regional level to enable a rapid shift away from the use of fossil fuels?