- DMA studied financial support for zero-emission and energy-efficient ships.
- Shipping contributes ~3% of global GHG emissions, with CO₂ rising 2% annually (2012–2023).
- The study is part of the Zero-Emission Shipping Mission, aiming for commercially viable zero-emission ships by 2030.
- In 2023, shipping emissions hit 830 million metric tonnes due to trade growth.
As part of the Zero-Emission Shipping Mission, the Danish Maritime Authority (DMA) released a study titled ‘Mapping Global Financial Support Opportunities for Zero-Emission and Energy-Efficient Ships’. The study explores funding opportunities available to drive the maritime industry towards sustainability, according to Safety4sea.
While the shipping sector is a critical component of the global economy, it also contributes nearly 3% of global greenhouse gas (GHG) emissions. This has led the International Maritime Organization (IMO) and governments worldwide to set ambitious decarbonization targets. From 2012 to 2023, CO₂ emissions from shipping increased at a compound annual growth rate of approximately 2%.
The Zero-Emission Shipping Mission
The study is a key deliverable of the Zero-Emission Shipping Mission, an international public-private partnership under Mission Innovation. This initiative consists of 16 members spanning five continents and is co-led by the Mærsk Mc-Kinney Møller Center for Zero-Carbon Shipping, Global Maritime Forum, Norway, the United States, and Denmark.
The Mission’s primary objective is to demonstrate commercially viable zero-emission ships by 2030, making vessels powered by zero-emission fuels the natural choice for shipowners when they renew their fleets.
Emissions Trends and Future Outlook
By 2023, global shipping emissions reached approximately 830 million metric tonnes, fueled by ongoing expansion in global trade and dependence on maritime transport. The study highlights the pressing need for financial incentives and support mechanisms to facilitate the industry’s transition to cleaner, more energy-efficient vessels.
This research represents a significant step toward achieving net-zero shipping, aligning with international efforts to decarbonize the maritime sector and develop sustainable shipping solutions.
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Source: Safety4sea
