The Isle of Man Ship Registry has become the first flag state to join the Getting to Zero Coalition, an industry-led alliance working towards decarbonization of global shipping.
Launched in 2019 in New York by the Global Maritime Forum, the Friends of Ocean action and World Economic Forum, Getting to Zero Coalition is an alliance of more than 120 companies across the maritime, energy, infrastructure and finance sectors, supporting the main idea of urgent action by all public and private sectors to battle climate change.
A key starting point to reach this goal is commercially viable zero emission vessels to enter the global fleet by 2030, with the numbers of such vessels to be radically scaled up through the 2030s and 2040s.
On its part, the Isle of Man Ship Registry believes flag states have an important role to play in promoting green shipping and helping the industry meet IMO environmental targets.
It is our collective responsibility to respond to the climate emergency by taking action to effect real change for the benefit of our environment and industry. The Getting to Zero Coalition brings together a diverse range of organisations and we are looking forward to working closely with them to help make commercially viable, zero-emission vessels a scalable reality,
…Cameron Mitchell, Director of the Isle of Man Ship Registry, said.
Today, international shipping emits 2-3% of global GHG emissions and the IMO has agreed on an ambition to reduce GHG emissions from shipping by at least 50% by 2050.
Shipping decarbonization has the potential to act as a catalyst for the energy transition, drive substantial investment in clean energy projects in developing countries and, most importantly, inspire other hard to abate sectors to work together to accelerate decarbonization of their industries for a greener world.
