US Congress Urged To Invest Atleast $20B in Marine Decarbonisation

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Fifteen port authorities, industry groups and environmental organisations have signed a letter calling on the US Congress to include at least $20 billion in any infrastructure deal to support the decarbonisation of the shipping industry, reports Offshore Energy.

$20 billion investment for decarbonisation

The organisations call for the $20 billion investment to go towards research and development, port infrastructure, and financing options for U.S. ships, and that it be directed to the Department of Transportation, the Department of Energy, and the Environmental Protection Agency.

Specifically, they ask that congress provide at least $3 billion for research and development of zero-emission fuels and ship technologies and at least $1 billion for zero-emission ship construction and retrofits.

Zero-emissions future 

The organisations explained that the global shipping industry is a major contributor to greenhouse gas emissions and is responsible for roughly 3% of global carbon dioxide emissions, which is more than all coal plants in the U.S. combined.

They said that the U.S. has an important role to play in transitioning the sector away from fossil fuels and towards a zero-emission future because America’s ports are a critical point of access for oceangoing shipping vessels, which are responsible for 80% of world trade.

Billions of dollars’ worth of goods flow through U.S. ports, creating $5.4 trillion in economic activity each year and supporting nearly 31 million American jobs in 2018.

The U.S. has the opportunity to lead the world in transitioning the shipping sector towards a zero-emissions future,” Reggie Paros, Director of Government Relations at Ocean Conservancy, pointed out.

Zero-emission transition of shipping

Reggie said, “By including this critical investment in any infrastructure package, Congress and the Biden Administration have the opportunity to live up to their climate commitments and goals. At the same time, if they make these investments, Congress will be creating create reliable and well-paying jobs as well as cleaning up air pollution that disproportionately affects lower-income communities and communities of color.”

Ships are responsible for 3% of global carbon dioxide emissions – more climate pollution than all coal plants in the United States combined,” Madeline Rose, Climate Campaign Director at Pacific Environment, said.

She added, “Congress has a unique opportunity to invest in a zero-emission economy by taking the necessary steps to transform maritime and ports. We need decisive action now for the zero-emission transition of shipping and ports.”

Signatories

Signatories include Ocean Conservancy, Pacific Environment, Azul, West Oakland Environmental Indicators Project, South Ward Environmental Alliance, Environmental Defense Fund, Dream Corps Green For All, The Rachel Carson Council, Sierra Club, Earth justice, Friends of the Earth, Ocean Defense Initiative, Green Latinos, Port of San Diego and Green Shipping Line.

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Source: Offshore Energy