Recent action across the maritime industry demonstrates that the sector already has the most important component of any decarbonization strategy – a willingness to act. But current actions are not enough, and the industry must turn to take even more drastic means to bend the rising emissions curve. This will require overcoming technical, commercial, and regulatory barriers as well as new levels of collaboration. It is a huge, complex challenge, but it is not impossible if the maritime ecosystem come together and act.
“We know the challenges, the obstacles, the uncertainties, and the fears. To some it may seem like a lot, and perhaps even overwhelming, but the only way to progress is by facing the challenges head on. It is absolutely doable and we are seeing rapidly growing commitment and real climate action from governments, companies, and individuals across the globe. The United States has stepped up with the Inflation Reduction Act, EU is taking bold and concrete steps to regulate shipping with its ETS and fuel standards, and the IMO is reviewing its initial GHG strategy in July 2023. At the same time, we see the maritime private sector – energy companies, shipping companies, cargo owners – starting to mobilize and demonstrate climate leadership,” said Bo Cerup Simonsen, CEO of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.
“However, despite the progressive initiatives, much more is needed. When we compare the scale of efforts and planned actions across the sector against the necessary timeline of the transformation, it is evident that we are still not doing enough to stay on the recommended track. Our sector needs more countries and companies to publicly articulate a decarbonization ambition, make plans, act accordingly and report on their progress. The Maritime Decarbonization Strategy is our annual situational assessment with a catalogue of opportunities to act; we hope it will inspire and support the shipping community to drive this transition faster forward – we will certainly follow up and support the collaborative climate leadership,” said Bo Cerup-Simonsen.
About the Maritime Decarbonization Strategy
The Maritime Decarbonization Strategy reviews the progress of the transition in the shipping sector so far and outlines the actions the industry must take to move closer to the Paris 1.5°C trajectory. The conclusions and recommendations presented in the report are based on analyses and modelling work done by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, outcomes from workshops with center partners and other stakeholders across the maritime industry, and the results from research projects. The report deep-dives into the following four key areas:
- Elevating onboard energy efficiency
- Enabling alternative fuel pathways
- Promoting abatement action through regulation, policy, and commitments
- Promoting bold first movers and fast followers