Action plan facilitates CO2 reduction goal

'Ambition 1.5oC: Global Shipping’s Action Plan’ summit Participants of the ‘Ambition 1.5oC: Global Shipping’s Action Plan’ summit aim to CO2 50% by 2050
Industry Database

An action plan for the decarbonisation of international shipping has brought together key stakeholders to reduce CO2 50% by 2050.

Katharine Palmer, environmental manager at Lloyd’s Register, co-organiser of the ‘Ambition 1.5oC: Global Shipping’s Action Plan’ summit, said it offers an opportunity for collaboration, in what is often a fragmented industry, to make the plan a reality and highlight its potential and commercial attractiveness.

Ms Palmer said: “With the reality to achieve a 50% reduction in CO2 by 2050, in line with the Paris Agreement, zero emission vessels (ZEVs) need to be entering the fleet in about 2030.”

The summit, during the 23rd session of the Conference of the Parties (COP 23), will incorporate a structured visual thinking technique developed by Group Partners to capture complexity through visualisation, to help reveal new patterns and approaches to familiar challenges.

UNFCCC review

The action plan is in line with meeting the target of limiting global temperatures to 1.5oC, as indicated in the Paris Agreement.

Following the summit, a copy of the draft action plan created will be delivered to UNFCCC delegates, National delegation focal points, the UNFCCC secretariat and all relevant national policy makers giving a summary of the high ambition approaches agreed at the summit.

In addition to Lloyd’s, co-organisers of the summit include MAN Diesel & Turbo, RightShip, MARIKO, Danish Shipping, International Windship Association (IWSA) and Green Ship of the Future.

Maurice Meehan, director of global shipping operations at Carbon War Room, co-advisor to the summit, added: “Business-led, market-driven solutions have huge potential to unlock decarbonisation opportunities across the industry.”

The Sustainable Shipping Initiative (SSI) and UMAS are also acting as advisors.

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