Four specific workstreams to deliver the emission targets set by the International Maritime Organisation (IMO) have been agreed upon at the bi-annual working session of the Getting to Zero Coalition in Copenhagen on 25 February.
The coalition, made up of over 120 public and private organisations, aims to develop commercially viable zero emission vessels to operate deep sea trade routes. This is in line with the IMO’s 2050 greenhouse gas (GHG) targets, to reduce the total annual GHG emissions from shipping by at 50% of 2008 levels by 2050, whilst pursuing efforts towards phasing them out as soon as possible this century.
The four workstreams identified at the meeting in Copenhagen will have their own series of working sessions and outputs. They are designed to:
- explore fuels, technologies & transition pathways, by narrowing technology and fuel options as well as mapping out safety implications, guidelines and required regulations for scaling up new fuels
- motivate first movers to kickstart shipping’s zero emission future, by exploring policies, demand drivers and funding mechanisms to motivate and de-risk first mover investments
- close the competitiveness gap for zero emission shipping, by exploring policy instruments and market-based measures to close the competitiveness gap between conventional and zero emission fuels and associated infrastructure to encourage mass uptake
- explore global opportunities for zero emission fuels exports, by mapping countries with the potential to generate and export zero emission fuels.