Getting to Zero Coalition

The Getting to Zero Coalition is a partnership between the Global Maritime Forum, the Friends of Ocean action, and the World Economic Forum. It builds on the Call to Action in Support of Decarbonization launched in October 2018 and signed by more than 70 leaders from across the maritime industry, financial institutions and other stakeholders, as well as on the Poseidon Principles – a global framework for climate-aligned ship financing – launched on 18 June 2019.

The Getting to Zero Coalition brings together decision-makers from across the shipping value chain with key stakeholders from the energy sector as well as from governments and IGOs. The work will be supported by knowledge partners such as UCL Energy Institute, Environmental Defense Fund and the Energy Transitions Commission.

International shipping emits 2-3 percent of global GHG emissions, transporting close to 80 percent of global trade by volume. To curb the emissions from shipping, the IMO has agreed on an ambition to reduce GHG emissions from shipping by at least 50 percent by 2050. To reach this goal and to make the transition to full decarbonization possible, commercially viable zero emission vessels must start entering the global fleet by 2030, with their numbers to be radically scaled up through the 2030s and 2040s. This will require both developing the vessels as well as the future fuel supply chain, which can only be done through close collaboration and deliberate collective action between the maritime industry, the energy sector, the financial sector, and governments and IGOs.