Shipping: achieving zero emissions by 2050′

Overview

The shipping industry is integral to the growth of the global economy and trade. The past two years, more than ever, have shown us the importance of the supply of goods via ships. However, as one of the largest polluters, the shipping industry must urgently reduce emissions while remaining profitable and focused on growth. The sector needs to lower carbon emissions today to contribute towards the industry’s goal of net zero by 2050.

Regulators such as the International Maritime Organisation (IMO) have given the shipping industry tangible milestones to work towards. The initial greenhouse-gas (GHG) strategy mandates a reduction in total annual GHG emissions from international shipping by at least 50% by 2050 compared with 2008. With more stringent rules and regulations set by the IMO, the industry faces increased pressure to deliver.

Ship owners cannot commit to the net-zero targets in isolation. The shipping ecosystem – including regulators, scientists and researchers, cargo owners, alternative-fuel providers and end customers—will need to contribute by setting their own industry milestones. New technologies are disrupting the market and digitising the shipping industry. Investments are being made in the marine tech sector to achieve sustainable shipping. Collaboration, continuous research and outreach across supply chains are essential to reduce maritime emissions. The key stakeholders must work together to achieve short-term goals and enable long-term actions.

This Insight Hour will address the short-, mid- and long-term goals set by stakeholders in the shipping industry. Speakers will examine possible collaborations and where investment is needed to catalyse decarbonisation. Evaluate the plans that are in place to reach these targets and explore the role of technology and digitisation as enablers of decarbonisation.

Key points to cover:

● Leading organisations in the shipping industry are making ambitious plans for decarbonisation. How will these organisations act on the immediate milestones to reach the larger goals?
● How can the industry achieve key milestones on the road map to decarbonisation?
● How is digitisation enabling plans towards net-zero emissions?
● Where is investment needed to enable sustainable shipping?
● How can stakeholders in the shipping industry achieve synergy and collaborate towards decarbonisation?

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