ships on the horizon Home Press release Over 155 industry leaders and organizations call for decisive government action to enable full decarbonization of international shipping by 2050 Sep. 22 2021 LinkedIn Twitter Facebook share Signatories of the Call to Action for Shipping Decarbonization urge world leaders to align shippingwith the Paris Agreement temperature goal. The private sector is already taking importantsteps to decarbonize global supply chains. Now governments must deliver the policies that willsupercharge the transition and make zero emission shipping the default choice by 2030. Full decarbonization of international shipping is urgent and achievable. This is the clear message from more than 150 industry leaders and organizations representing the entire maritime value chain, including shipping, cargo, energy, finance, ports, and infrastructure. In conjunction with the General Assembly and ahead of critical climate negotiations at COP26 in Glasgow this November, they call on governments to work together with industry to deliver the policies and investments needed to reach critical tipping points in decarbonizing global supply chains and the global economy. Signatories to the Call to Action for Shipping Decarbonization include some of the world’s largest actors in global trade: A.P. Moller - Maersk, BHP, BP, BW LPG, Cargill, Carnival Corporation, Citi, Daewoo Shipbuilding & Marine Engineering, Euronav, GasLog, Hapag-Lloyd, Lloyd’s Register, MitsuiO.S.K. Lines, MSC Mediterranean Shipping Company, Olympic Shipping and Management, PanamaCanal Authority, Port of Rotterdam, Rio Tinto, Shell, Trafigura, Ultranav, Volvo, and Yara. Image Matthieu de Tugny President Bureau Veritas Marine & Offshore At BV we are firm believers that an urgent and equitable decarbonization of the maritime supply chain by 2050 is possible and necessary. Shipping must reduce its GHG emissions and, to make tangible progress, cross-industry collaboration is key to success. That is the reason why we are supporting the Getting to Zero coalition. As a classification society, we are committed to concretely supporting the industry transition to a low-carbon future by – - Developing a comprehensive set of rules and guidelines to help build and operate zero-carbon shipping solutions that meet the highest safety standards - Actively engaging BV experts in R&D projects and by enabling real-scale pilots for pragmatic and technically feasible solutions - Developing digital platforms to compute and report GHG emissions Ships transport around 80% of global trade and account for about 3% of global greenhouse gas(GHG) emissions. In 2018, the UN’s International Maritime Organization (IMO) adopted an initial GHG strategy. It aims to reduce international shipping’s total annual GHG emissions by at least 50% of2008 levels by 2050. The strategy is set to be revised in 2023. “Now is the time to raise our ambitions and align shipping worldwide—a significant carrier of global trade—with the goals of the Paris Agreement. We are working closely with our clients to advance the shipping industry’s transition to net zero emissions and, with the support of strong public policy measures, we can accelerate our collective efforts to decarbonise the global economy,” says Jane Fraser, Chief Executive Officer of Citi. The private sector is already taking concrete actions to decarbonize shipping. This includes investing in RD&D and pilot projects, ordering and building vessels operated carbon n