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How Sustainable First Movers can steer the wheel away from fossil fuels

The Environmental Defense Fund (EDF) and Lloyd’s Register Maritime Decarbonisation Hub, in collaboration with Arup, have introduced the Sustainable First Movers Initiative Identification Tool, to help shipping stakeholders align investment decisions away from fossil fuels. The tool, which is presented in a preliminary findings report, The Potential of Ports in Developing Sustainable First Movers Initiatives, scores a port’s potential to produce and bunker electrofuels while delivering local environmental and community benefits in alignment with the global temperature target of 1.5 degrees Celsius set by the Paris Agreement. The tool can be customized according to stakeholders’ needs and goals and is dependent on scenario desirability. Furthermore, the tool can be used to identify port locations that are most suitable to develop Sustainable First Mover Initiatives (SFMIs). According to the report, driven by a port’s role as a transport and energy hub as well as home to large and diverse communities, SFMIs can play an important role in the journey towards an inclusive shipping transition. SFMIs account for broader impacts on communities and the environment, truly ensuring that the transition is people centered. This means that communities affected by such initiatives can benefit from their implementation, rather than be put at risk, the ...

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