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Initiatives


The Global Maritime Forum serves as a broader platform for dialogue and collaboration to address global challenges that are particularly important to the maritime industry. This may include working groups and exploratory workshops to address specific industry-wide issues, recommendations for action and the like.

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Initiatives


The Global Maritime Forum serves as a broader platform for dialogue and collaboration to address global challenges that are particularly important to the maritime industry. This may include working groups and exploratory workshops to address specific industry-wide issues, recommendations for action and the like.

Initial initiatives

Based in particular on the deliberations at the Danish Maritime Forum in October 2016, the Global Maritime Forum is initially looking to explore the forces of disruption that stand to impact the global maritime industry in the medium to long term. They were succinctly captured by Gillian Tett, US Managing Editor of the FT and chair of the 2016 Forum as “the three D’s: the dirty diesel debate, digital disruption and the Donald”. All initiatives will be subject to further discussions in the Board of Directors.

Task Force on Decarbonizing Shipping

The Task Force on Decarbonizing Shipping will bring together leaders and experts from across the maritime industry to develop and mobilise the industry along tangible pathways aligned with ambitious, science-based emission reduction targets. It will focus on five areas key to effectively addressing the maritime industry’s climate challenge: industry leadership, technology, transparency, finance, and carbon pricing. These areas were identified as central to decarbonizing shipping at an exploratory industry workshop held in London in June 2017.

The task force will develop a vision for collaborative innovation on low carbon technologies; toolkits and guidance to increase transparency about operational efficiency; a best practice guide for incorporating climate risk assessment in ship finance; and recommendations on the role of carbon pricing in tackling emissions. The task force is a collaboration between the Global Maritime Forum, Carbon War Room, the Carbon Pricing Leadership Coalition (CPLC, and University College London (UCL). All outcomes will be presented at the Global Maritime Forum’s inaugural summit in October 2018.

The five working groups of the task force are:

1. Industry Leadership – This working group will connect and mobilize CEOs and other high-level decision-makers and thought leaders to determine an ambitious and achievable vision for decarbonizing shipping.
2. Technology – This working group will accelerate the uptake of clean technology solutions by addressing the challenges facing owners and innovators alike. It will develop a toolbox to help technologies overcome the high-cost, low-income valley of death so that they can achieve viable commercial uptake. The group will focus on proven breakthrough technologies currently entering the market and outline a vision and roadmap for how the industry can work together on the development of low carbon technologies.
3. Transparency – This working group will determine how information transparency can be improved to reduce information asymmetry and allow for effective decision-making on efficient and profitable operations.
4. Finance – This working group will develop principles for integration of climate risk into lending decisions as well as foster development of best practices and tools to support their uptake. This will be achieved through one-on-one work with leading capital providers and a series of industry workshops.
5. Carbon Pricing – This working group will explore the role of carbon pricing in tackling shipping’s greenhouse gas emissions. Key policy options will be summarised for business leaders as a basis for the discussion of industry recommendations.


Digital disruption

The aim of this initiative is to generate insights into how emerging digital technologies are transforming the global maritime industry as well as the impact of these disruptive forces on the global economy, the international trading system and on the wider society. The goal is to assist key stakeholders in the maritime industry in exploring possible responses and in uncovering opportunities for collaborative action to successfully transition to the digital economy.


The rise of protectionism

The Global Maritime Forum is planning a research project to look at changing seaborne trade flows against the backdrop of the threat of a retreat from globalization. The purpose is to understand how the maritime industry - either alone or in collaboration with other industries and stakeholders - could contribute to mitigating the downsides of globalization and to building support for global trade and broad-based, inclusive growth and progress.