Mitsui O.S.K. Lines announced its participation in the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) taking place in Baku, Azerbaijan, from 11-22 November, 2024.
More than 50 leaders from the shipping industry, shippers, energy producers, and others signed a Call to Action to accelerate the adoption of zero-emission fuels at COP29.
In addition to MOL Chief Sustainability Officer (CSuO) Tatsuro Watanabe speaking at events organized by various companies and organizations, MOL endorsed the following statement and letter released in conjunction with COP29.
The MOL Chief Sustainability Officer (CSuO) Tatsuro Watanabe spoke at the following sessions:
- Making clean industrial projects bankable – the need for demand-stimulation policies
- Accelerating the deployment of E-fuels and the decarbonizing of hard-to-abate sectors
In the above two sessions, Watanabe explained how IMO’s medium- and long-term measures will affect the shipping industry, outlined MOL’s initiatives for decarbonization, and discussed with participants the policies and regulations that will accelerate investment in clean fuels.
- Unlocking Net-Zero: The Role of Carbon Dioxide Removals
In the above session, MOL CSuO Watanabe explained the significance of working on CDR (Carbon Dioxide Removal) in the shipping industry and from the perspective of a Japanese company.
Furthermore, Tatsuro Watanabe speaking on the TIME 100 Impact Dinner, emphasized the importance of working through partnerships with a wide range of industries to decarbonize the shipping industry.
In an open letter to COP29, led by the World Economic Forum, more than 100 CEOs and leaders call on governments to step up climate action.
On MOL’s behalf, Takeshi Hashimoto, President & CEO, endorsed the letter which urges countries to develop ambitious and investable Nationally Determined Contributions (NDCs), expand climate finance, and phase out fossil fuel subsidies.
