Global shipping coalition tells governments to deliver decarbonisation policy support

Specifically, signatories said they are asking world leaders to commit to delivery of a clear and fair plan to decarbonise international shipping by 2050 when adopting the IMO GHG Strategy at the 2023 meeting of IMO’s Marine Environment Protection Committee.

Signatories said they also want world leaders to undertake policy work at national level that provides support for ’industrial-scale zero-emissions shipping projects’ with examples including decarbonisation targets for domestic shipping and incentives for first movers and zero-emissions fuels and vessels.

Moreover, the coalition said policy measures must put into place ’meaningful’ market-based measures by 2025 "that will make zero-emissions shipping the default choice by 2030".

“Our customers are looking to us to decarbonise their supply chain emissions," AP Moller–Maersk chief executive Henriette Hallberg Thygesen said.

"We are investing significantly in the carbon-neutral emissions technologies that are readily available. To make such investments the default choice across our industry, we need a market-based measure to close the competitiveness gap between fossil and zero-emissions fuels of today and the carbon neutral fuels of tomorrow.”

IMO is scheduled to begin consideration and discussion of market-based measures as part of its mid-term greenhouse gas (GHG) reduction measures at upcoming IMO intersessional working group meetings and future MEPC meetings.

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