Maersk announced its plans on becoming a carbon neutral company by 2050. The efforts are in line with the shipping industry’s push to halve its carbon footprint by 2050 compared to 2008. The company supports that the efficiency will keep shipping emissions as is, and not reduce them or eliminate them. Maersk highlighted that massive innovative solutions and fuel transformation must take place in the next 5-10 years.
Specifically, Maersk aims to achieve 60% relative reductions by 2020, using a 2007 baseline. By the end of 2018, the company reached 47% reduction since 2007.
These have been achieved through massive investments in optimizing fleet efficiency, with technical retrofittings including capacity boost, new bulbous bows, propellers and engine modifications, as well as by improving planning and optimizing of networks.
Maersk reported in its Sustainability Report 2018 that until decarbonisation is achieved, decoupling business growth from emissions is of a big importance.
In addition, it isn’t an easy task to transform the shipping industry. There is a need for new types of fuel as well as building entire new supply chains for these new solutions, Maersk insists.
All of this breakthrough innovation will have to take place in the 2020s and is more than any single company can do
… the company highlights.
Therefore, Maersk urges all maritime parties to cooperate on innovations and solutions to usher in the age of zero-carbon vessels.
Furthermore, zero-emission, commercially-viable vessels must be on the water by 2030, especially due to the 20-25-year lifetime of a vessel.
Maersk reported that it has already engaged in research and test programs in some of these technologies, such as sustainable biofuels.
Our 2030 efficiency target is strong enough to ensure that we continue to decouple CO2 emission levels from growth in trade and volumes shipped. With this target, we will not exacerbate our contribution to climate change while we grow our business, serve global trade and support job creation.
… Maersk noted.
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