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TradeWinds 27.10.2021

Growing coalition calls on governments to

commit to zero-carbon shipping
More names join Call to Action ahead of COP26 conference in Glasgow beginning this weekend

More heavy hitters from across shipping are calling for the industry to decarbonise by 2050
ahead of the COP26 climate conference in Glasgow.

In an initiative backed by the Global Maritime Forum, more than 200 organisations have now
signed onto the Call to Action for Shipping Decarbonization, which was delivered to the UK
presidency of the climate conference on Wednesday.

That's 50 more names than when the Call to Action was first revealed in September.

The coalition includes AP Moller-Maersk, the Panama Canal Authority, Daewoo

Shipbuilding & Marine Engineering and Trafigura.

In addition to cutting out carbon, the initiative calls on governments to support industrial-
scale zero-emission shipping projects through national action and delivery policy measures
pushing zero emissions as the default choice by 2050.

"If governments want to be climate heroes at COP26, they must also be climate heroes at the
International Maritime Organization, where urgent action is needed to put international
shipping on a just and equitable Paris-aligned pathway”, Global Maritime Forum chief
executive officer Johannah Christensen said in a statement.

The call to action was developed by a task force convened by the Getting to Zero Coalition,
backed by the Global Maritime Forum, the World Economic Forum and Friends of Ocean
Action.

COP26, the 26th United Nations Climate Change Conference, begins on Sunday. It follows
on the Intergovernmental Panel on Climate Change's reported earlier this year declaring a
"code red for humanity", as the Paris Agreement goals could be in jeopardy without action.

It is expected to influence discussions at the IMO's Marine Environment Protection

Committee (MEPC) meeting in November.

As it stands, the IMO is targeting a 40% reduction in CO2 emissions by 2030 and a 50% cut in
greenhouse gas emissions by 2050.

But the European Union, US, UK, Norway and Costa Rica have pushed for more ambitious
cuts with hopes of reaching zero-emissions shipping by 2050.

The US, UK, Norway and Costa Rica submitted a proposal in September arguing for the more
aggressive cuts and requested the MEPC review the strategy in the coming months.
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In early October, all 27 EU member states and the European Commission submitted their own
papers backing the quartet.

The countries argued a review was "necessary to send a clear signal to the market and to
further stimulate the production, deployment and uptake of renewable and zero- and low-
carbon fuels and technologies worldwide".