- RMI and MMMCZCS further their pilot of the Maritime Book and Claim System through partnership with decarbonization early movers.
- ZEMBA and Hapag-Lloyd’s involvement in the pilot for developing the Maritime Book and Claim System underscores their commitment to transparency and accountability in emissions reduction.
RMI and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping further their pilot of the Maritime Book and Claim System through partnership with decarbonization early movers, according to RMI’s release.
Maritime Book and Claim System for tracking and decoupling greenhouse gas emissions
RMI and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) will collaborate with the Zero Emission Maritime Buyers Alliance (ZEMBA) and Hapag-Lloyd to pilot a Maritime Book and Claim System for tracking and decoupling greenhouse gas emissions from ocean transport services, which account for 3 percent of global greenhouse gas (GHG) emissions and are anticipated to increase to 5–8 percent of GHG emissions by 2050 if no action is taken.
ZEMBA’s inaugural tender process demonstrates that cargo owners are willing to pay more for premium, zero-emissions shipping services, but are struggling to access those fuels at the scale required for commercial deployment. The Maritime Book and Claim System links this demand signal with a credible and transparent chain of custody model. By decoupling fuel attributes from the physical value chain, book and claim enables transactions of a digitalized version. This ensures that cargo owners can make real investments in low-emissions fuels, moving the market from announcements of e-fuel projects to actual investments, deployment, and cost-competitive commercial availability.
The Maritime Book and Claim system registry is currently being tested by decarbonization first movers across shipping segments, including container ships, bulk carriers, and vehicle carriers. The registry will provide attribute and transaction traceability to enhance transparency and system acceptance. RMI and MMMCZCS have partnered with Energy Web Foundation to develop the registry, leveraging their extensive experience in building chain-of-custody models, including the Sustainable Aviation Fuel Registry (SAFc).
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Source: RMI
