CoAct Database

Decarbonizing Shipping: Getting to Zero Coalition

The Getting to Zero Coalition is a powerful alliance of more than 150 companies within the maritime, energy, infrastructure and finance sectors, supported by key governments and IGOs. The Coalition is committed to getting commercially viable deep sea zero emission vessels powered by zero emission fuels into operation by 2030 – maritime shipping’s moon-shot ambition. International shipping emits 2-3 percent of global GHG emissions, transporting close to 80 percent of global trade by volume. To curb the emissions from shipping, the IMO has agreed on an ambition to reduce GHG emissions from shipping by at least 50 percent by 2050. To reach this goal and to make the transition to full decarbonization possible, commercially viable zero emission vessels must start entering the global fleet by 2030, with their numbers to be radically scaled up through the 2030s and 2040s. This will require both developing the vessels as well as the future fuel supply chain, which can only be done through close collaboration and deliberate collective action between the maritime industry, the energy sector, the financial sector, and governments and IGOs. The coalition seeks to deliver the following:

• A committed community.
• Visible transformational leadership
• A shared knowledge base.
• Demonstrations and pilots.

The Getting to Zero Coalition is intended to be a multi-year initiative that will run through 2023 in two phases, with two further phases mapped out to 2030. These are as follows

1. Building and expanding the Coalition base (2019-2020).
2. Developing the solutions and enabling the environment (2021-2023) 3.Testing and putting the enabling environment in place (2024-2027)
3. Getting ready for roll-out (2028-2030).