Delivering the long-term ambition of an eco-efficient and low emission terminal with a heavy reliance on the industry to develop and implement new and greener technologies.
If 2020 was a year that the world stopped at certain points, then 2021 needs to be a year of refocus, and no more so than with the industry’s ongoing journey to deliver the long-term ambition of an eco-efficient and low emission terminal, with a heavy reliance on industry to develop and implement new and greener technologies and equipment.
Operationally this provides several logistical and financial obstacles for an industry that is trying to navigate through a somewhat perilous post COVID-19 world, which many hope will not slow-down the industry’s decarbonisation efforts as its focus shifts elsewhere.
In a year which culminates at the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow, the shipping industry will form an important fulcrum of any agreement on the further reduction of emissions – and with the USA resigning itself to the Paris Agreement under President Biden, this meeting at the end of year does have extra significance and adds more scrutiny on the sector to play its part.
Mark Carney, former Bank of England Governor spoke of the Green Transition recently and referred to it as “the greatest investment opportunity of the decade”.
Now is the time for industry collaboration because to truly decarbonise the shipping sector requires more than one solution from more than one provider, and perhaps most importantly, a diverse range of investment and commitment from a collective industry all pulling together in the same direction.