A new report published by Shell, Deloitte Netherlands and Deloitte UK based on in-depth interviews with senior shipping executives presents prospective solutions to help the industry meet IMO’s long-term decarbonisation goals
The views outlined in Decarbonising Shipping: All Hands on Deck suggest 95% of shipping executives interviewed see decarbonisation as important or a top-three priority and nearly 80% said its importance had increased significantly over the past 18 months.
A significant majority of interviewees see the market and customer demands are driving the turn towards decarbonisation, and feel the ease of replacing infrastructure is a major factor in decarbonising at speed and scale.
Shell Shipping & Maritime vice president Grahaeme Henderson noted the report shows, despite the disruption caused by the global pandemic, executives “still have their sights on the horizon and identify decarbonising shipping as a top priority”.
"The research identified the barriers the industry faces, solutions that will drive progress, and how we can work to help accelerate change," he said. "We want to catalyse progress towards a net-zero emissions shipping industry and working together will be crucial to implementing these solutions.”
Deloitte Netherlands partner Tarek Helmi said “The insights from the research give us a comprehensive roadmap to unlock decarbonisation by identifying who needs to do what and when to drive change.”
The report highlights key areas to improve upon in the next two to three years that could speed up the progress of decarbonisation:
Scaling up customer demand to create a larger market for zero-emissions shipping through charterers’ commitments such as long-term contracts; increased cross-sector partnerships in research and development; scaling up controlled pilot projects; and a global regulatory alignment that creates a level playing field by aligning decarbonisation targets and timelines between IMO and major local regulatory bodies.
For this project Deloitte interviewed 82 senior shipping executives from 22 countries across Europe, Asia and North America. Participants represented stakeholders across the maritime sector and included customers, shipowners, ship builders, operators, charterers, port authorities, regulators, technology providers and financiers.
The report can be accessed here
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