The 2030 Breakthrough
Zero emission fuels make up 5% of international shipping’s energy demand
Why fuels? Tracking progressWhy fuels?
Shipping transports around 80% of global trade and accounts for 3% of global Greenhouse Gas (GHG) emissions, from the combustion of fossil fuels. Under business as usual, emissions may increase by half by 2050. To set international shipping on an ambitious, zero emission trajectory aligned to 1.5C, the sector must transition away from using fossil fuels supported by the necessary infrastructure for scalable zero emission energy sources including production, distribution, storage and bunkering.
Shipping is still in the emergence phase of the transition and we need at least 5% of a scalable zero emission fuel by 2030 to enable rapid scaling and mass adoption in the diffusion phase. This helps mobilize commitment and action across all stakeholders for example:
- Energy companies have greater confidence in demand when planning green fuel development projects
- Cargo owners can be mobilized to pay a premium for zero emission fuels on a corresponding percent of their freight
- Investors can quantify the amount of investment needed across the value chain
- Shipping companies can plan investments in new builds and retrofits
- Regulators can be called on to ensure a level playing field is in place to enable the transition
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Who’s tracking our overall progress?
The first report tracking progress and climate action in the shipping sector was published in September 2022 by UMAS and the UN Climate Change High Level Champions, supported by the Getting to Zero Coalition and funded by Lloyd’s Register.
THE UN CLIMATE CHANGE HIGH°LEVEL CHAMPIONS UMAS GTZ LLOYD'S REGISTERAcknowledging the organizations working towards this future
ACHIEVING THE 2030 BREAKTHROUGH
ACROSS FIVE LEVERS OF CHANGE
TECHNOLOGY / SUPPLY
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How industry and infrastructure can help
- At least 10 deep-sea ships with zero-emission propulsion in operation by 2025
- At least 200 ships primarily use zero emission fuels across main deep sea shipping routes by 2030
- 10 large trade ports covering at least three continents supply zero emission fuels
- Over 1m metric tonnes of green hydrogen at a production cost of $2/kg by 2025
- 50 production facilities by 2025 for small scale green zero emission fuel by 2025.
- 6 deep-sea green corridors operational by 2030
Signals of progress
Maersk accelerates fleet decarbonisation with 8 large ocean-going vessels to operate on carbon neutral methanol
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Demand
How the market can influence change
- By 2025 20 freight purchasers commit to using zero-emission ocean freight by 2040
Signals of progress
Cargo Owners for Zero Emission Vessels (coZEV)
Cargo Owners for Zero Emission Vessels (coZEV) is a first-of-its-kind cargo owner-led platform to enable maritime freight customers to come together to accelerate maritime shipping decarbonization.
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Finance
The role of public and private financing
- $3-6bn of industry & finance support mobilized for large scale demonstration projects by 2025
- $2-4bn of government support mobilized for large scale demonstration projects by 2025
Policy
How governments can accelerate the transition
- IMO agrees final GHG strategy by 2023, setting long-term goal of zero by 2050 with interim targets
- IMO agrees mid-term measures package by 2025
- 40 national governments publish 1.5C aligned plans for domestic shipping by 2025
Civil Society
Mobilizing the "third sector"
- Targets to be defined following delivery of a Green Skills Roadmap for Seafarers at COP27 by the Just Transition Maritime Taskforce
- At least 8 Green Corridors roadmaps published balancing mitigation and resilience, including at least 3 in LDCs & SIDs.
- At least 5 more signatories to Clydebank Declaration.
- The first iteration of the Green Corridor Toolkit is launched including resilience tools Maritime Green Skills and jobs onboard report & recommendations published.
- Port actors commit to a Resilience Breakthrough including Ports in developing countries, LDCs and SIDs.
- 3-5 new countries have signed on to the Zero Emissions by 2050 Declaration.
- Zero emission ready ships framework and guideline is launched and 10 shipowners / shipyards committed to using it.
- SBTi Shipping launched and uptake by 10 shipowners.
FURTHER READING
Discover more about our actions and initiatives, and other ways shipping is racing to net zero
A sea-change in shipping?
Seaborne freight is one of the more challenging sectors to decarbonize, but ambition is accelerating in the race to achieve net-zero emissions by 2050.
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5% zero-emissions fuels target in shipping by 2030 “could well be exceeded”
The scale of emissions-related innovation is welcome but the pace must not be allowed to slow if global shipping is to achieve a 5% zero-emission fuel target by 2030, argue Climate Champion Katharine Palmer and Global Maritime Forum CEO, Johannah Christensen.
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Getting to 5%: An action plan for delivering zero-emission fuels in shipping
A master plan to achieve 5% zero-emission fuels in shipping by 2030 will help guide decisions, actions, and allow us to monitor the progress of the sector’s Race to Zero.
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Green Corridors: Why they’re key to shipping’s Race to Zero
Green corridors have been likened to special economic zones at sea — arenas where companies deploy new technologies and business models at full scale, interacting with each other and with regulations and incentives tailored to their efforts.
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