- IUMI supports the call to action for shipping decarbonization
- it unites the voices of more than 150 industry leaders, companies, and organizations representing the entire maritime value chain, including shipping, cargo, etc
- the collective is calling for decisive government action, public policy development, and investment to enable the full decarbonization of international shipping
- the Call to Action for Shipping Decarbonization was developed by a multi-stakeholder task force convened by the Getting to Zero Coalition
The International Union of Marine Insurance (IUMI) fully endorses the Call to Action for Shipping Decarbonization that was announced last month by the Getting to Zero Coalition says an article on Safety4sea.
Call to Action
The Call to Action unites the voices of more than 150 industry leaders, companies, and organizations representing the entire maritime value chain, including shipping, cargo, energy, finance, sports, and infrastructure.
Purpose
The collective is calling for decisive government action, public policy development, and investment to enable the full decarbonization of international shipping in line with the Paris Agreement temperature goal.
IUMI President Richard Turner comments:
“It is important that as the representative body for the marine insurance market we show our support to the drive towards decarbonization and add our voice to this chorus. It is clear that the maritime industry is increasingly united in its will to decarbonize, but public policy measures are needed to support industry efforts, so we salute the Getting to Zero Coalition and all of the signatories to this Call to Action.”
How it was developed
The Call to Action for Shipping Decarbonization was developed by a multi-stakeholder task force convened by the Getting to Zero Coalition – a partnership between the Global Maritime Forum, the World Economic Forum, and Friends of Ocean Action. The signatories include some of the world’s largest actors in global trade and the maritime industry.
To remind, signatories of the Call to Action for Shipping Decarbonization call on world leaders to:
- Commit to decarbonizing international shipping by 2050 and deliver a clear and equitable implementation plan to achieve this when adopting the IMO GHG Strategy in 2023.
- Support industrial-scale zero-emission shipping projects through national action, for instance by setting clear decarbonization targets for domestic shipping and by providing incentives and support to first movers and broader deployment of zero-emissions fuels and vessels.
- Deliver policy measures that will make zero-emission shipping the default choice by 2030, including meaningful market-based measures, taking effect by 2025 that can support the commercial deployment of zero-emission vessels and fuels in international shipping.
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Source: Safety4sea
