Decarbonisation task force could galvanise ports

Global Maritime Forum Outcomes of the task force will be presented at the Global Maritime Forum’s October 2018 summit. Image courtesy of Global Maritime Forum/Ty Stange
Industry Database

A maritime-led task force set up to decarbonise shipping may further encourage the decarbonisation of ports.

The initiative, co-led by Global Maritime Forum, aims to develop tangible pathways for shipping’s decarbonisation through five working groups: industry leadership, technology, transparency, finance and carbon pricing.

Global Maritime Forum’s Torben Vemmelund said that “major players within the ports industry have already expressed their interest” in contributing to the working groups.

He added: “Time will tell if/how this will promote the decarbonisation of ports.”

Collaborative innovation

Other organisations leading the task force include Carbon War Room – Rocky Mountain Institute, the Carbon Pricing Leadership Coalition (CPLC), and University College London (UCL). Collectively, they will develop a vision for collaborative innovation on low carbon technologies; toolkits and guidance to increase transparency about operational efficiency; a best practice guide for incorporating climate risk assessment in ship finance; and recommendations on the role of carbon pricing in tackling emissions.

Alastair Marsh, CEO at Lloyd’s Register, commented: “The later we leave decarbonization, the more rapid and potentially disruptive it will be for shipping.”

Outcomes of the task force will be presented at the Global Maritime Forum’s inaugural summit in October 2018.

Carbon War Room – Rocky Mountain Institute aims to drive a 25% improvement in the fuel efficiency and carbon footprint of global commercial shipping fleets by 2025.

It is working with BetterFleet, financial institutions, ship owners and charterers, and governing bodies to bring transparency to shipping performance and show how energy efficient vessels improve value and cut costs.