Leaders across the value chain, including e-fuel producers, vessel and cargo owners, ports, and equipment manufacturers, co-created and launched a Call to Action at COP 29 to accelerate the adoption of scalable zero-emission fuels in the maritime industry. Organized by RMI, the UN High-Level Climate Champions, UCL Energy Institute, and the United Nations Foundation, this Call to Action demonstrates strong industry momentum in decarbonization through ecosystem wide investments. The Call to Action launch was held at the Global Renewables Hub at COP 29, and featured a panel moderated by Jonas Moberg of the Green Hydrogen Organisation - GH2, with CWP's Alex Hewitt, Arsenio Dominguez, Secretary General of the International Maritime Organization, Jennifer Jordan-Saifi, M.V.O., MBA, CEO of the Sustainable Markets Initiative and Fortescue's Andrew Forrest.
“Nearly a decade after the adoption of the Paris Agreement, the time is now for governments and industry to line up behind an ambitious, International Maritime Organization-mandated trajectory and mechanisms to drive shipping emissions reductions. Next year’s IMO meetings will consider what is likely the single most important policy decision for driving a new international market for zero-emissions fuels, in turn delivering a massive lift to the emerging green hydrogen market and the important projects required to supply it,” said Alex Hewitt, cofounder and executive board director of CWP Global.
Close collaboration and coordination between green hydrogen producers, shipping actors, and policy makers is vital to build the enabling environments, as ensuring the right policy instruments and architecture that will support hydrogen-derived scalable zero-emission fuels (SZEFs) is paramount. A number of key steps are already being taken – orders for dual-fuel vessels are on the rise, increasing numbers of governments are developing national hydrogen policies, demand for zero-emission shipping services is rising, and regulation of shipping fuels will serve to establish significant demand, accelerating all aspects of this ecosystem.
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