One of the most comprehensive snapshots of industry action towards shipping decarbonisation was published today.
The Getting to Zero Coalition Action Framework: Documenting actions towards decarbonising shipping report, published by the Global Maritime Forum’s Getting to Zero Coalition—a powerful alliance of over 200 organisations across maritime, energy, infrastructure and finance—assesses and scores progress across 26 critical actions needed to deliver the International Maritime Organization’s target of full decarbonisation of the shipping industry by 2050.
Seventy-six major companies across the industry value chain reported progress across 26 actions. These were grouped into five major categories with progress scored as a percentage:
Creating enabling conditions – achieved 58% average score
Actions include: setting decarbonisation targets, transition plans, progress reporting and policy engagement
Incentives and market-making – achieved 42% average score
Actions include: transparency in ship finance and ship activities, port incentives for zero-emission shipping, zero-emission fuel matchmaking, and green loans
First movers and niche market development – achieved 24% average score
Actions include: book and claim, commercialising and procuring zero-emission shipping services, pilot demonstration projects, and green corridors
Transition investments – achieved 23% average score
Actions include: capacity building for seafarers, zero-emission infrastructure, engines, ships, retrofits, and finance
Deployment of zero-emission shipping – achieved 26% average score
Actions include: zero-emission fuel production facilities, investment in zero-emission fuel production in developing countries, zero-emission fuel offtake, and zero-emission vessels
Each action includes a ‘spotlight on best practices’, showcasing trailblazing case studies that are excelling across each part of the value chain.
This report serves as a key accountability and benchmarking tool, enabling stakeholders to identify barriers, scale solutions, and catalyse faster progress toward a zero-emission future for global shipping.