Working towards zero emission vessels
Alongside leading bodies from maritime value chains, financial institutions, NGOs, think tanks and governments, Wallenius Wilhelmsen is part of the Getting to Zero 2030 Coalition. Together, these organisations will work to develop commercially viable zero emission vessels (ZEVs) by 2030.
As global efforts to combat climate change step up, Wallenius Wilhelmsen has announced that it is part of the Getting to Zero Coalition – an alliance of organisations aiming to operate zero emission vessels on deep sea trade routes by 2030.
With viable technologies for zero emission vessels not yet a reality, a globally coordinated approach to create and scale up new ideas is urgently needed. The Getting to Zero initiative – launched at the UN Climate Action Summit in New York – will help.
Coalition members include leading stakeholders from the maritime and fuel value chains, including financial institutions, NGOs, think tanks and governments. Citi, Cargill, Shell, Maersk and Lloyd’s Register are all members.
“Climate change requires urgent action from all industries, and we’re eager to be part of the solution,” said Craig Jasienski, president and chief executive officer, Wallenius Wilhelmsen. “Our Lean:Green sustainability strategy is built on the belief that striving for what is both economic and sustainable will produce the best results for our planet and our people – as well as our business.”
To make the transition to full decarbonisation of shipping, commercially viable zero emission vessels must start entering the global fleet by 2030, with significant uptake through the 2030s and 2040s.
This requires vessel development as well as a more sophisticated fuel supply chain, which can only be achieved through collaboration between the maritime industry, energy sector, financial institutions, governments and other key stakeholders.
“The best chance to achieve the zero emission shipping goal in the shortest amount of time comes from taking a wide scale partnership approach,” said Jasienski. “The challenge calls for innovation across the board: technical, operational, commercial, political and financial, which the Getting to Zero Initiative is well equipped to tackle.”
An industry-led initiative committed to the deployment of commercially viable ZEVs by 2030, the Getting to Zero Coalition is a partnership between the Global Maritime Forum, Friends of Ocean Action and the World Economic Forum.