Shipping

Shipping: Getting to Zero Coalition

The Getting to Zero Coalition is accelerating maritime shipping's decarbonisation through the viability of zero-emission vessels along deep-sea trade routes by 2030. This is supported by the necessary infrastructure for scalable zero-carbon energy sources including production, distribution, storage and bunkering as a key step towards decarbonising shipping.

The Coalition is a partnership between the Global Maritime Forum, the Friends of Ocean Action, and the World Economic Forum. It brings together stakeholders from across the maritime spectrum, the energy and finance sectors, and other related industries, as well as academics and intergovernmental organizations, to create a shared industry roadmap. The Coalition has over 150 members that account for ~26% of the shipping industry market share by revenue.

The Challenge

Although less carbon-intensive than other freight transport modes, shipping none the less represents about 3% of total global emissions from energy and industry today. Without concerted collective efforts, greenhouse gas emissions from the sector could rise by as much as 50% by 2050. International shipping is considered a “hard-to-abate” sector as the sector cannot be directly electrified, but rather needs large quantities of (liquid) fuels.

As the industry is global in its nature, it will need access to zero emission fuels in ports globally, which will require significant coordination in terms of technology and regulation. Decarbonising shipping will require full value chain collaboration and concerted action involving fuel producers, ports, shipping companies, the financial sector, and shipping customers as well as governments. This breadth of cooperation is needed to overcome the inherent chicken-and-egg problem between developing the supply of zero emission fuels while increasing demand at the same time.

Our Approach

  1. Raise ambition for shipping decarbonisation by building broad industry support for strengthening the international climate targets for the sector to a zero in 2050 target and substantially increase the number of maritime value chain companies with a zero in 2050 target
  2. Develop a zero roadmap for shipping with broad industry support, which also outlines the actions that each part of the value chain/ecosystem needs to take both in the short, medium, and long term to decarbonise shipping
  3. Catalyze action by having Coalition members and other maritime stakeholders commit to concrete short-term actions that will accelerate decarbonisation in line with their role in the value chain and the zero roadmap

Our Goals

The ambition of the Getting to Zero Coalition is to have commercially viable zero-emission vessels operating along deep-sea trade routes by 2030, supported by the necessary infrastructure for scalable zero-carbon energy sources including production, distribution, storage, and bunkering.

For more information, please contact: shipping@missionpossiblepartnership.org