The Global Maritime Forum, the Carbon Pricing Leadership Coalition, Carbon War Room, and University College London have jointly created a task force on decarbonizing shipping.
This industry-led initiative will work to develop tangible routes for decarbonizing shipping via working groups focused on five key industry areas: leadership, technology, transparency, finance, and carbon pricing. These areas were identified as crucial to the decarbonization of shipping during an industry workshop held in London in July.
“The later we leave decarbonization, the more rapid and potentially disruptive it will be for shipping,” says Alastair Marsh, CEO of Lloyd’s Register. “This task force will enable industry leaders to come together to determine possible decarbonization pathways, and to promote innovation, collaboration and investment.”
The task force will develop a vision for collaborative innovation on low carbon technologies; toolkits and guidance to increase transparency about operational efficiency; a best practice guide for incorporating climate risk assessment in ship finance; and recommendations on the role of carbon pricing in tackling emissions.
All outcomes will be presented at the Global Maritime Forum’s inaugural summit in October 2018.