The new partnership ‘will engage with public and private stakeholders from Indonesia, Mexico and South Africa, and together identify concrete, actionable business and investment opportunities that can accelerate shipping’s decarbonisation and contribute to sustainable and inclusive economic growth,’ explains Johannah Christensen, Managing Director, Head of Projects & Programmes, Global Maritime Forum.
The Getting to Zero Coalition is a partnership between the Global Maritime Forum, the Friends of Ocean Action, and the World Economic Forum. Its focus is to bring together leading stakeholders from across the maritime and fuels value chains with the financial sector and others committed to making commercially viable zero emission vessels a scalable reality by 2030.
P4G – Partnering for Green Growth and the Global Goals 2030 – invests in over 50 public-private partnerships with projects in developing countries. It is a collaborative partnership among 12 partner countries - Bangladesh, Chile, Colombia, Denmark, Ethiopia, Indonesia, Kenya, Mexico, the Netherlands, the Republic of Korea, South Africa and Vietnam.
The organisation is funded by the governments of Denmark and the Netherlands and other partner organisations include C40 Cities, Global Green Growth Institute, International Finance Corporation, United Nations Global Compact and the World Economic Forum.
Commenting on the new partnership between P4G and the Getting to Zero Coalition, P4G Global Director Ian de Cruz said: ‘Investing in abundant untapped renewable resources can be one of the most effective measures in reaching net zero by 2050 in order to avoid serious impacts of climate change.
‘This is where the Getting to Zero Coalition partnership comes in and P4G is pleased to be a part of this wider global energy transition.
‘We look forward to further collaborating with change-makers and leaders around the world to accelerate decarbonising shipping and bring sustainable development gains to developing and emerging countries.’
The partnership will oversee the generation of three country-specific opportunity reports – on Indonesia, Mexico and South Africa – to serve as a ‘national blueprint’ for reducing emissions from shipping and they will provide data that can be used to involve other developing and emerging economies.
‘It is crucial that developing countries are leaders of shipping’s decarbonisation. This will need public-private multi-stakeholder dialogue to ensure that all circumstances are considered both in SIDS and LDCs and the countries this project will study,’ said Dr Tristan Smith, Reader at the UCL Energy Institute and Director of UMAS.
‘The P4G Getting to Zero Coalition Partnership will explore how it can accelerate shipping’s green transition while taking into consideration the technological and economic impact on trade and opportunities for developing states, to ensure access to affordable, reliable, sustainable and modern shipping for all.’
GLOBAL: Getting to Zero Coalition decides on focus areas for shipping’s decarbonisation roadmap
