TOC Leaders Forum Wednesday 3rd November - 14:00-1500 GMT
The carbon cap for the shipping industry set by the International Maritime Organisation (IMO) has appointed 2050 as year by which the maritime sector must have reduced its carbon emissions by 50% compared to 2008. While this is in the agenda for businesses and nations, the main question is ‘how?’ Despite several intersectoral effects put in place, the roadmap towards this goal remains blurry.
Amongst the main challenges are the financial implications and the limited availability of non-fossil-based fuels. Experts suggest that halving shipping emissions between 2030-2050 will cost USD1.4-1.9 trillion, with a further USD350 billion needed this decade. As a result, several initiatives have been launched to assist the industry navigate the intricated road towards decarbonisation and sustainability. From a power supply perspective, although the sector is looking into alternatives such as electrifying port operations, as well as alternative fuels like ammonia and hydrogen, limited demand and availability of these still pose a significant barrier. Therefore, to create a demand for e-ammonia, shipping companies must start deploying zero-emission vessels by 2025 onwards.
A significant leap forward towards decarbonisation is Maersk’s upcoming carbon neutral vessel, which is expected to be delivered by mid-2023. Yet the effort must integrate all aspect of the maritime sector.
Roadmap to meet the IMO’s decarbonisation goals by 2050 & assessment
Electrifying port & terminal operations
The untapped potential of, methanol, e-ammonia & hydrogen
How can ports & terminals embrace sustainability?
Deployment of carbon neutral vessels across the industry: The Maersk Case Study
Josh Hurwitz, Senior Consultant, Commercial Advisory Services, Moffatt & Nichol
Jacob Sterling, Senior Director, Head of Decarbonisation Innovation & Business Development, AP Moller Maersk Dr Antonis Michail, Technical Director – WPSP and IAPH Committees and Projects, International Association of Ports and Harbors (IAPH)
Jan Hoffmann, Chief of Trade Logistics Branch, UNCTAD
Nico van Dooren, Director of New Business Development, Port of Rotterdam
