Lloyd\u2019s Register Foundation Announces New Partnership with the World Economic Forum on Transitioning Towards Nature & People Positive Ports<\/p>\n
Ports are economic hotspots, facilitating 90% of global trade. They directly employ 30 million people around the world and indirectly affect 90 million jobs.<\/p>\n
New research finds the port sector can unlock over $54 billion in business opportunities by 2030 by prioritizing clean energy, circular economy and nature-positive strategies.
\nTo ensure a holistic transition, port-based industrial clusters need to foster collaboration between all stakeholders in the entire ecosystem, according to the Transitioning Industrial Clusters\u2019 report.<\/p>\n
Today, Lloyd\u2019s Register Foundation announced a new partnership together with the World Economic Forum focused on Accelerating the Transition to Nature and People Positive Ports.<\/p>\n
Ports are vital to international and countries\u2019 employment and economic growth. United States ports account for roughly 10% of the country\u2019s GDP, while the port activities in the Eurozone represent approximately 16% of the profits of the entire EU Blue Economy.<\/p>\n
The partnership includes a three-year project starting in March 2025, aimed at securing commitments from major global ports and sharing verifiable strategies that benefit people and nature.\u200b In parallel, efforts will raise awareness about building new ports in emerging markets,\u200b to ensure new investments incorporate nature-positive criteria.<\/p>\n
\u201cPorts play a significant role in driving growth for emerging economies. As demand for port infrastructure increases, we need innovative practices and engineering methods to secure a safer, cleaner, and more sustainable sector,<\/em>\u201d said Alfredo Giron, Head of Ocean, World Economic Forum<\/strong>, \u201cTo do this it\u2019s essential that the nature-positive transition for ports also provides benefits for people<\/em>\u201d.<\/p>\n The new partnership will focus on key strategies to accelerate the sector\u2019s transition to nature-positive while adopting practices that enhance the safety of people and goods, improving working conditions and ensuring social prosperity. Additional focus will be placed on methods to protect nature in coastal and marine ecosystems near ports.<\/p>\n \u201cWe need to ensure the ports we adapt and create don\u2019t just deliver against economic and social targets, but actively protect, restore and enhance nature,<\/em>\u201d said Thomas Thune Andersen, Chairman, Lloyd\u2019s Register Foundation<\/strong>. \u201cOur new long term, strategic partnership with the World Economic Forum will couple better practices for nature with safer operations around ports, leading to improved working conditions, healthier ecosystems and access to new capital for nature and people positive approaches.<\/em>\u201d<\/p>\n In addition to providing critical infrastructure for regional and global trade, ports also accommodate some of the world\u2019s largest industrial zones, thus some of the heaviest CO2 emitters. To achieve global nature and climate targets such as the Global Biodiversity Framework and the Paris Agreement goals, it is essential to foster collaboration for nature-positive and scale the development of clean energy solutions for transport and industry in port areas, while balancing energy security and ensuring a fair transition.<\/p>\n \u201cAddressing the current and projected environmental impact of ports and industrial areas in the context of the energy transition is imperative,<\/em>\u201d said J\u00f6rgen Sandstr\u00f6m, Head, Transforming Industrial Ecosystems, World Economic Forum<\/strong>. “By fostering collaboration and unlocking innovation, we aim to ensure a fair transition and reduce CO2e emissions, drive economic growth and preserve natural ecosystems.<\/em>\u201d<\/p>\n The transformations needed in port-based industrial zones for clean energy solutions present an opportunity for a holistic regeneration strategy. Sensitive planning methods for the land and sea use in port areas can minimize negative impacts on coastal and marine ecosystems, benefiting both the natural ecosystem and local community.<\/p>\n Implementing nature-positive strategies can bring business opportunities for ports around the world. The World Economic Forum\u2019s report on Nature-Positive: The Role of Ports found that prioritizing nature-positive strategies – including decarbonization – could unlock over $54 billion in cost savings and revenue by 2030 for businesses operating across the port sector\u2019s value chain.<\/p>\n About the Ocean Action Agenda <\/em> About Transitioning Industrial Clusters<\/em><\/p>\n The Transitioning Industrial Clusters initiative aims to improve collaboration and develop a shared vision among co-located companies and public institutions, with the goals of driving economic growth and employment, and reducing CO2e emissions. The initiative convenes the world\u2019s leading public and private industrial stakeholders at various stages of ambition and development to align on components required to competitively apply for funding, gain regulatory support and launch full-scale development activities to transition industrial clusters.<\/em><\/p>\n About Lloyd\u2019s Register Foundation<\/em><\/p>\n Lloyd\u2019s Register Foundation is an independent global charity that supports research, innovation, and education to make the world a safer place. Its mission is to use the best evidence and insight to help the global community focus on tackling the world\u2019s most pressing safety and risk challenges. For more information, please visit\u00a0www.lrfoundation.org.uk<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Lloyd\u2019s Register Foundation Announces New Partnership with the World Economic Forum on Transitioning Towards Nature […]<\/p>\n","protected":false},"author":23,"featured_media":254163,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[297],"tags":[307],"class_list":["post-254160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-english","tag-featured-en"],"yoast_head":"\n
\nThe Ocean Action Agenda is a core part of the nature-positive pillar within the World Economic Forum\u2019s Centre for Nature and Climate. We convene stakeholders across sectors to create platforms at the nexus of science, business and policy, and cultivate partnerships across business, government, academia, and civil society. Our mission is to secure a thriving, resilient ocean that sustains economic growth, societal well-being and environmental health for generations to come. Learn more here.<\/em><\/p>\n