In the shipping industry some major companies are considering joining a cross-industry coalition to develop zero-emission vessels by 2030.
As Lloyds Loading List reports, box carriers MSC and Hapag-Lloyd, along with classification society DNV GL, have indicated they will assess joining the Getting to Zero Coalition that was launched during the United Nations Climate Action Summit in New York last week, with Maersk, Lloyd’s Register and Citi among organisations already involved.
The coalition’s goal is to develop commercially viable zero-emission vessels by 2030 to help meet the minimum 50% greenhouse gas emissions reduction by 2050 compared with 2008 that the International Maritime Organization has committed to.
The coalition adds an even greater level of pressure and scrutiny on the shipping industry to decarbonise, and also forces competitors to collaborate. Currently, it comprises around 60 companies and several other partners and enjoys the support of 11 governments.
This is an edited extract from a longer article published in Lloyd’s List.
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