News
The World Economic Forum, the Global Maritime Forum and Friends of Ocean Action has launched the ''Getting to Zero Coalition'' at the United Nations Climate Action Summit, with the goal of decarbonizing the international maritime shipping sector by 2030. The coalition represents leaders from across the maritime, energy, infrastructure and finance sectors and is supported by decision-makers from government and international organizations.
International shipping carries around 80% of global trade and accounts for 2-3% of global greenhouse gas emissions annually. Emissions are projected to grow by between 50 to 250% by 2050 if no action is taken. The Getting to Zero Coalition is committed to addressing this by getting commercially viable, deep-sea, zero-emission vessels into operation by 2030.
The demand for zero-emission fuels derived from renewable resources also has the potential to drive substantial investment in clean energy projects in developing countries with a large untapped renewable energy potential.
The Getting to Zero Coalition is part of the Mission Possible platform, an alliance of experts, businesses and policy partners focused on helping seven key sectors - shipping, aviation, heavy-duty road transport, aluminium, chemicals, cement and concrete, and iron and steel - achieve climate neutrality by 2050.
