Global Maritime Forum, World Economic Forum, Friends of Ocean Action, International Association of Ports and Harbors, Environmental Defense Fund, and University College London Energy Institute have announced that they have partnered with global network P4G to push for rapid development of Zero emission vessels (ZEVs)
The new P4G Getting to Zero Coalition Partnership builds on the Getting to Zero Coalition, which unites more than 130 public and private organizations and has been endorsed by Governments in 14 countries. The goal of the coalition is to have commercially viable ZEVs operating along deep sea trade routes by 2030 as a key step towards achieving the climate goals set by the IMO.
“Investing in abundant untapped renewable resources can be one of the most effective measures in reaching net zero by 2050 in order to avoid serious impacts of climate change. This is where the Getting to Zero Coalition partnership comes in and P4G is pleased to be a part of this wider global energy transition. We look forward to further collaborating with change-makers and leaders around the world to accelerate decarbonizing shipping and bring sustainable development gains to developing and emerging countries," said Ian de Cruz, P4G Global Director.
“The P4G Getting to Zero Coalition Partnership will engage with public and private stakeholders from Indonesia, Mexico and South Africa, and together identify concrete, actionable business and investment opportunities that can accelerate shipping’s decarbonization and contribute to sustainable and inclusive economic growth,” said Johannah Christensen, Managing Director, Head of Projects & Programmes, Global Maritime Forum.
Three country-specific opportunity reports will serve as a national blueprint for reducing emissions from shipping and generate learnings that can be used to involve other developing and emerging economies. Any agreement on policy to enable shipping’s transition from fossil fuels must respect principles of equity and ensure there are no strong negative impacts on developing countries.
“It is crucial that developing countries are leaders of shipping’s decarbonization. This will need public-private multi-stakeholder dialogue to ensure that all circumstances are considered both in SIDS and LDCs and the countries this project will study. The P4G Getting to Zero Coalition Partnership will explore how it can accelerate shipping’s green transition while taking into consideration the technological and economic impact on trade and opportunities for developing states, to ensure access to affordable, reliable, sustainable and modern shipping for all,” said Dr Tristan Smith, Reader at the UCL Energy Institute and Director of UMAS.
The P4G Getting to Zero Coalition Partnership aims to identify new growth opportunities that will be needed as countries seek to recover better from the current COVID-19 pandemic. “I warmly welcome P4G support for this vital Mission Possible Platform industry initiative, one of seven industry transitions we are championing, which in this case will accelerate the move to net zero emissions in the global shipping sector. The Getting to Zero coalition has set an ambitious goal for shipping and is shaping up to be a leading example of what is possible: creating a zero emission industry by a transition that creates sustainable jobs and prepares the sector better for the shocks of the future,” said Anthony Hobley, Director of Mission Possible Platform, World Economic Forum.