Home

Translate

en English af Afrikaans sq Albanian ar Arabic hy Armenian az Azerbaijani eu Basque be Belarusian bg Bulgarian ca Catalan zh-CN Chinese (Simplified) zh-TW Chinese (Traditional) hr Croatian cs Czech da Danish nl Dutch et Estonian tl Filipino fi Finnish fr French gl Galician ka Georgian de German el Greek ht Haitian Creole iw Hebrew hi Hindi hu Hungarian is Icelandic id Indonesian ga Irish it Italian ja Japanese ko Korean lv Latvian lt Lithuanian mk Macedonian ms Malay mt Maltese no Norwegian fa Persian pl Polish pt Portuguese ro Romanian ru Russian sr Serbian sk Slovak sl Slovenian es Spanish sw Swahili sv Swedish th Thai tr Turkish uk Ukrainian ur Urdu vi Vietnamese cy Welsh yi Yiddish
Open Translation

WASHINGTON, DC: In a clear signal to the maritime container industry, nine major shippers have announced they will switch all their ocean freight to vessels powered by zero-carbon fuels by 2040.

Amazon, Brooks Running, Frog Bikes, IKEA, Inditex, Michelin, Patagonia, Tchibo, and Unilever are the first signatories to a 2040 ambition statement facilitated by Cargo Owners for Zero Emission Vessels (coZEV), an initiative of the Aspen Institute.

Currently the International Maritime Organization only requires the sector to reduce its absolute emissions 50 percent by 2050 compared to 2008.

Given the long lifespan of maritime cargo vessels and the need to ramp up renewable energy production, the Institute says the industry must transition to zero-carbon fuels by the mid-2020s, use them at scale by 2030 and be fully decarbonized by 2050, at the latest.

Today, maritime shipping produces one billion tonnes of climate pollution each year — as much as a G7 country or all of America’s coal-fired power plants combined.

It also accounts for three percent of all global emissions that could rise to 10 percent by 2050 if the industry continues to rely on carbon-intensive fuels.

“The coZEV initiative represents an historic step in the fight against climate change,” said Ingrid Irigoyen, director of the Aspen Institute Shipping Decarbonization Initiative, which facilitates the coZEV effort. “Maritime shipping has long been a major producer of climate and air pollution and attempts to transition away from fossil fuels have faced significant hurdles, including a perceived lack of freight customer demand, that has stifled investment and scalability of potential solutions.”

Through coZEV the Institute wants companies to help establish the first zero-carbon maritime transportation corridors; give policymakers confidence to enact measures that will lower the cost of the zero-carbon transition; and harness their collective creativity, market power, bias for action and investment capacity.

“Whether or not shipping will decarbonize is no longer a debate. The question is rather how quickly we can get our collective act together, and which supply chain actors and nations will be poised to harness the vast business opportunity this transition represents,” added Irigoyen.
Story Type: News

Vote for my Story

Our Rating: 9% - 1 votes

1000 Characters left


Latest News

December 01, 2021
Circular Economy Editor

Renault inaugurates circle economy auto plant

FLINS-SUR-SEINE, France: Renault Group has inaugurated its first used car factory (VO), the largest in Europe, to refurbish up to 45,000 vehicles a year. Based on the same quality standards as the production of new vehicles, the company says its new facility…
December 01, 2021
Transportation Editor

United operates first commercial SAF flight

CHICAGO: As part of its Eco-Skies Alliance programme United Airlines has operated its first commercial flight powered by sustainable aviation fuel (SAF), carrying over 100 passengers from Chicago O’Hare to Washington National airport. The 737 MAX 8 aircraft…
November 30, 2021
Energy Editor

Move to develop emission-free natural gas

HELSINKI: State-owned energy provider Gasum and the Finnish company Hycamite TCD Technologies have begun developing a market for decarbonized natural gas and biogas in Scandinavia. Hycamite produces hydrogen and pure solid carbon by splitting the methane…
November 30, 2021
Technology Editor

DB Schenker orders 1,500 Volta electric trucks

FRANKFURT: DB Schenker has ordered 1,500 zero emission, 16-ton Volta Trucks with a range up to 200 kms. to deliver goods from European distribution hubs to city centres and urban areas. The first prototypes will be used by the company at 10 locations in five…
November 30, 2021
Circular Economy Editor

Stora Enso offers green alternatives for batteries and packaging

HELSINKI: Stora Enso is launching Fibrease and Papira bio-based, recyclable foam packaging to replace polyurethane (PU) foams and polystyrene (EPS) made from fossil fuel. Plastic wrap or polystyrene foam packaging accounts for 40 percent of the world’s…
November 24, 2021
People Editor

Logistics specialist wins a couple of Green Apples

HEATHROW: B&H Worldwide, specialising in aerospace logistics, has won two environment awards from the NGO Green Apple Organisation for its carbon reduction initiatives. B&H was recognised for cutting its carbon footprint over the past two years covering the…
November 24, 2021
Biodiversity Editor

TotalEnergies to pay Suriname US$50 million for oil field offset

NIJMEGEN, The Netherlands: BankTrack is the tracking, campaigning and NGO support organisation targeting the operations and investments of commercial banks globally. Maaike Beenes, its Climate Team coordinator, says as rich countries fail to deliver on their…
November 23, 2021
Technology Editor

Maiden voyage of fertilizer-carrying electric containership

OSLO: Norwegian fertilizer producer Yara International has completed the maiden voyage of its first electric-powered container ship Yara Birkeland as part of a two-year, NOK133.5 million programme to certify it as an autonomous vessel. Yara has also begun the…
November 23, 2021
Emissions Editor

COP26: one small step or giant leap for mankind?

LONDON: Simon Retallack, director for Latin America at the Carbon Trust, says despite not agreeing to reduce global warming to less than a catastrophic +2.4 Celsius, delegates at the COP26 summit at least decided the following: " • Most of the world is now…
November 22, 2021
People Editor

Climate crisis means it is time to be predictive not reactive

MUJUGA, Rwanda: In an appeal for money to feed 811 million people worldwide, a statement from the UN’s logistics aid agency World Food Programme (WFP) says COP26 fell far short of the groundbreaking success many had hoped for. “ It is critical for the world…
November 19, 2021
Technology Editor

Transparency key for carbon calculators

ENGELBERG, CH: Peter Somaglia is a logistics executive and co-founder of the Swiss-based emissions calculator service CarbonCare. Despite the increasing use of sustainable aviation fuel (SAF), lightweight ULDs, digital airwaybills, carbon offset programmes…
November 19, 2021
Manufacturing Editor

CMA CGM orders emissions-reducing A350 freighters

TOULOUSE: CMA CGM Group has signed an MoU with Airbus for four A350 freighters, adding to a fleet of five A330-200Fs operated by its air cargo division. The A350F is based on the A350-1000 passenger aircraft with 70 percent made from composite materials. The…

We are using cookies

By continuing you are agreeing to our use of cookies

I understand