The Chief Executive Officers (CEOs) of major global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green fuels.
The only realistic way, according to CEOs, to meet IMO’s 2030, 2040, and net-zero 2050 greenhouse gas (GHG) targets is the transition from fossil to green fuels at scale and at pace.
Vincent Clerc, CEO of Maersk, believes that an important next step to the green transition of the shipping industry is the introduction of regulatory conditions which will maximise the greenhouse gas emission reduction per invested dollar.
