Insight Hour: Decarbonising Maritime Transport
From raw material to finished goods that reach consumers, 90% of all traded goods pass through the shipping supply chain. The shipping industry is integral to the growth of the global economy and trade. However, shipping is also a major contributor to climate change and air pollution. The sector is responsible for about 3% of global greenhouse gas (GHG) emissions and around 15% of the world’s major air pollutants.
The International Maritime Organisation (IMO) has set a goal to reduce shipping emissions by 40% by 2030, compared with 2008 levels. Shipping industry leaders have committed to finding a path to zero-carbon shipping—encouraging short-term action to achieve the long-term goal. Investment, regulation and technology will be fundamental drivers of maritime decarbonisation.
This Insight Hour will focus on the role of ship and cargo owners, in adopting alternative fuels and alternative propulsion to reduce emissions. Speakers will discuss the economics of alternative fuels, retrofitting ships and upgrading bunkering infrastructure, and how to achieve scale. They will assess the role played by financial and policy incentives and their impact on making progress towards decarbonisation.
Time: 3:00 PM BST | 4:00 PM CEST | 10AM EDT
Date: Wednesday, October 13, 2021