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UK SHIPPING INDUSTRY DEMANDS NET-ZERO BY 2050

UK SHIPPING INDUSTRY DEMANDS NET-ZERO BY 2050

Monday, September 13, 2021 

The Chamber of Shipping, the representative body for the UK shipping industry, has, in what it describes as a "landmark decision", agreed that the international shipping sector must pursue a net-zero carbon emissions target by 2050, rather than the IMO goal of a 50% cut in emissions compared to 2008 levels.

The UK Chamber of Shipping (UKCS) has now confirmed it wants the IMO to double this target and commit to net-zero emissions by 2050. According to the Chamber, the shipping industry currently contributes around 2.4% of global greenhouse gases each year whilst moving about 90% of world trade and 95% of UK goods.

UKCS CEO Bob Sanguinetti said: “At the UK Chamber of Shipping we want to be at the forefront of the green agenda and now is the time to call for radical action. The aim of cutting shipping’s emissions by 50% just doesn’t go far enough. We need to show the world we mean business and it is imperative that the IMO commits to a net-zero carbon emissions target by 2050. With COP26 only a short time away, the world needs to come together and deliver real change for the future of our planet. The shipping industry is one of the cleanest ways of moving goods around the world, but we know we need to do more to cut our emissions. We can’t kick the can down the road anymore. We need real action at international level, and we will work with our partners within the IMO to pursue the target of net-zero carbon emissions by 2050.”

UKCS President John Denholm said: “Climate change is the greatest threat to mankind, and it is imperative all of us involved in the shipping industry continue to do all we can to cut emissions. That is why we are now calling on the IMO to set a net-zero target for 2050. The world needs to know the shipping sector takes its responsibilities seriously and by setting the goal of net-zero carbon emissions by 2050, people would be in no doubt about the green credentials of the shipping sector.”

The UK Government recently published its Sixth Carbon Budget which included shipping for the first time and the recent Transport Decarbonisation Plan has requested shipping to reach net-zero by 2050. The Government has welcomed UKCS's call for net-zero emissions.

Transport Secretary Grant Shapps said: “The UK is taking a leadership position in decarbonising all forms of transport, including Maritime, where we have led the world globally for many hundreds of years. To build back both better and greener, we must work side by side with the industry and I warmly welcome the UK Chamber of Shipping’s decisive push in driving forward the transition to net-zero international shipping and trade by 2050.”

However, the net-zero by 2050 target, although adopted by several major shipping groups and organisations, has not been agreed at an international level and the UK Chamber of Shipping is now calling on the IMO to take drastic action and commit to a net-zero target.

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