Maersk Sets Net Zero Emissions Target for 2050

Member nations of the UN body charged with regulating ocean shipping announced, earlier this year, a new strategy to curb the industry’s massive impact on climate change. The UN asked for major shippers to commit to cutting their harmful carbon emissions 50% by the year 2050, by which time most of the ships currently in service will be scrapped. The Danish shipping giant, Maersk, is doing them one better: Maersk has committed to being fully carbon-neutral by 2050.

The result of Maersk’s commitment could be huge, considering that shipping is traditionally responsible for about 800 million tons of carbon dioxide emissions per year. That’s according to Dan Rutherford, the marine and aviation program director of the International Council on Clean Transportation. “If you counted it (the shipping industry) as a country, it would be the sixth-largest source of CO2 emissions,” said Rutherford, noting that 800 million tons of emissions is comparable to the emissions of Germany. (!)

You can check out Maersk’s official press release, below, then let us know how you think the company’s somewhat vague plans will eventually play out in the comments section at the bottom of the page. Will they use fancy new solar sails? Nuclear power? Bring back viking slave rowers? It’s a mystery!

 

    Maersk sets net zero co2 emission target by 2050

    A.P. Moller – Maersk aims at having carbon neutral vessels commercially viable by 2030 and calls for strong industry involvement.

    Aimed at accelerating the transition to carbon neutral shipping, Maersk announces today its goal to reach carbon neutrality by 2050. To achieve this goal, carbon neutral vessels must be commercially viable by 2030, and an acceleration in new innovations and adaption of new technology is required.

    Climate is one of the most important issues in the world, and carrying around 80% of global trade, the shipping industry is vital to finding solutions. By now, Maersk´s relative CO2 emissions have been reduced by 46% (baseline 2007), approx. 9% more than the industry average.

    As world trade and thereby shipping volumes will continue to grow, efficiency improvements on the current fossil based technology can only keep shipping emissions at current levels but not reduce them significantly or eliminate them.

    “The only possible way to achieve the so-much-needed decarbonisation in our industry is by fully transforming to new carbon neutral fuels and supply chains,” says Søren Toft, Chief Operating Officer at A.P. Moller – Maersk.

    Maersk is putting its efforts towards solving problems specific to maritime transport, as it calls for different solutions than automotive, rail and aviation. The yet to come electric truck is expected to be able to carry max 2 TEU and is projected to run 800km per charging. In comparison, a container vessel carrying thousands of TEU sailing from Panama to Rotterdam makes around 8,800 km. With short battery durability and no charging points along the route, innovative developments are imperative.

    Given the 20-25-year life time of a vessel, it is now time to join forces and start developing the new type of vessels that will be crossing the seas in 2050.

    “The next 5-10 years are going to be crucial. We will invest significant resources for innovation and fleet technology to improve the technical and financial viability of decarbonised solutions. Over the last four years, we have invested around USD 1bn and engaged 50+ engineers each year in developing and deploying energy efficient solutions. Going forward we cannot do this alone” adds Søren Toft.

    Research & Development is key to take the industry away from today’s fossil based technology and by setting this ambitious target, Maersk hopes to generate a pull towards researchers, technology developers, investors, cargo owners and legislators that will activate strong industry involvement, co-development, and sponsorship of sustainable solutions that we are yet to see in the maritime industry.

 

Sources | Images: Maersk, the Washington Post.

 

Jo Borrás

I've been in the auto industry 1997, and write for a number of blogs in the IM network. You can also find me on Twitter, at my Volvo fansite, out on two wheels, or chasing my kids around Oak Park, IL.