- Over 50 industry leaders signed a Call to Action at COP 29, advocating for zero-emission fuel adoption.
- Green hydrogen infrastructure and zero-emission vessels are top priorities.
- Global regulation expected in 2025 could accelerate the shift toward maritime decarbonization.
More than 50 industry leaders, including Lloyd’s Register Maritime Decarbonisation Hub, e-fuel producers, vessel owners, ports, and equipment manufacturers, signed a Call to Action to promote zero-emission fuels in the shipping sector, reports LR.
Organisers Demonstrate Strong Decarbonisation Momentum
The event, organized by RMI, UN Climate Change High-Level Champions, UCL Energy Institute, and the United Nations Foundation, underscores the industry’s commitment to investing in scalable zero-emission pathways.
The joint statement urges immediate action to increase zero-emission fuel adoption. It would also develop green hydrogen infrastructure, and ensure all nations benefit from this transition.
Lloyd’s Register’s Commitment to Green Hydrogen
James Forsdyke of Lloyd’s Register highlighted their dedication to expanding green hydrogen as a marine fuel and advancing safe, sustainable supply chains to benefit all shipping stakeholders, especially seafarers and port communities.
Lloyd’s Register leads Silk Alliance and Maritime Fuel Supply Dialogues. The aim is to strengthen green hydrogen projects regionally and bolster zero-emission fuel infrastructure.
Global Regulatory Developments Expected in 2025
The Marine Environment Protection Committee will meet in April 2025 to establish global fuel standards and GHG pricing mechanisms. This is to meet the IMO’s net-zero target for 2050.
Ahead of the 2025 meeting, signatories emphasize the need for clear regulations to fortify the business case for zero-emission fuels. It aligns with the ongoing industry momentum toward decarbonization.
Key Recommendations for Adopting Hydrogen-Derived Fuels
Signatories suggest ambitious mid-term measures and a balanced approach to revenue distribution. Also, progress milestones for scalable zero-emission fuels (SZEFs).
To align with a 1.5°C pathway, signatories aim to double global green hydrogen production by 2030. It requires 5 million tonnes of uptake in the shipping sector.
Importance of Cross-Sector Collaboration
The Green Hydrogen Catapult and other leaders emphasize that partnerships across the maritime value chain are vital for equitable renewable fuel transition and maintaining momentum.
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Source: LR
