More than 50 leaders across the spectrum of the shipping value chain — e-fuel producers, vessel and cargo owners, ports, and equipment manufacturers — signed a Call to Action today at COP 29 to accelerate the adoption of zero-emission fuels. Organized by RMI, the UN Climate Change High-Level Champions, the UCL Energy Institute, and the United Nations Foundation, the Call to Action demonstrates strong industry momentum to invest in decarbonization through scalable zero-emission fuel pathways.The joint statement calls for faster and bolder action to increase zero and near-zero emissions fuel uptake, investment in zero-emissions vessels, and global development of green hydrogen infrastructure, leaving no country behind.
“The greater the demand for low carbon hydrogen — such as from chemical plants, refineries, and shipping fuels — the greater the incentive for investments in low carbon hydrogen production. This increased demand will drive the technological development of hydrogen and help reduce its production costs,” said Philip Julien, founder and chairman of Kenesjay Green, a Caribbean-grown, green energy project engineering and development firm. “The maritime sector is poised to be a large demand center for low-carbon hydrogen-derived fuels, helping contribute to the health of our planet and, by extension, ourselves.”
The Call to Action comes as the maritime industry awaits the Marine Environment Protection Committee’s milestone convening in April 2025, where global regulatory architecture will be set for a global fuel standard and a greenhouse gas pricing mechanism to achieve the International Maritime Organization’s (IMO) Revised 2023 GHG Strategy’s ambition of achieving net-zero emissions in the maritime sector by 2050. Industry members are sending a strong signal to global regulators ahead of this convening that clearly defined regulation is needed to strengthen the business case to complement and amplify industry momentum towards decarbonization.
“Nearly a decade after the adoption of the Paris Agreement, the time is now for governments and industry to line up behind an ambitious, IMO-mandated trajectory and mechanisms to drive shipping emissions reductions. Next year’s IMO meetings will consider what is likely the single most important policy decision for driving a new international market for zero-emissions fuels, in turn delivering a massive lift to the emerging green hydrogen market and the important projects required to supply it,” said Alex Hewitt, cofounder and executive board director of CWP Global.
In anticipation of this regulatory milestone, the signatories outline several key recommendations to expedite the adoption of hydrogen-derived fuels, namely the need for clear, ambitious mid-term measures; a balanced approach to revenue distribution to help bridge the cost gap between fossil fuels and scalable zero-emission fuels (SZEFs); and evidence that key milestones for practical use of SZEFs are advancing.
To align with a 1.5°C pathway, global green hydrogen production must double by 2030, translating to the uptake of at least 5 million tonnes of green hydrogen in the shipping sector. To accomplish this, coordinated action is needed across the supply chain to expand the supply and adoption of zero or near zero-emission shipping fuels such as e-ammonia and e-methanol, build up the ecosystem synergistically, and deliver on a just and equitable transition.
Developing countries in particular have a significant opportunity to benefit from the decarbonization of the shipping sector, as they can leverage their unique advantages to attract investment, create skilled jobs, and build sustainable e-fuel supply chains.
“Maritime shipping connects the world, and the industry has a unique opportunity to lead global climate mitigation efforts by committing to green fuels,” said Marco Raffinetti, CEO at Hyphen Hydrogen Energy, a project development company that operates green hydrogen production facilities in Namibia. “Namibia, with its abundant sun and wind resources, can play a vital role in producing these sustainable fuels to not only decarbonise the world’s shipping corridors but also contribute to the creation of thousands of green jobs in Southern Africa. We stand firmly behind this call to action. Now is the time to shift from signaling intentions to making concrete commitments.”
Ports and port service companies, alongside financiers, have also added their support to the Call to Action, committing to investing in hydrogen-derived fuel infrastructure and safety projects to support bunkering of e-fuels.
Source: RMA
