CEOs Call for Regulatory Partnership and End to Fossil Fuel Ships at COP 28
Marine Transport | Low Carbon Marine Transport | Government Policies
- CEOs of major shipping companies, including CMA CGM, Maersk, MSC, Hapag, and Wallenius Wilhelmsen, pledged at COP 28 to accelerate maritime decarbonization globally.
- They call for regulatory partnerships with the International Maritime Organization (IMO), a ban on constructing new vessels that operate solely on fossil fuels, and a timeline for a GHG Intensity Standard to encourage green infrastructure investment.
- The leaders support establishing a global maritime GHG pricing mechanism, featuring a "green balance fee" to fund research, development, and investments in developing countries.
- They emphasise the importance of collaboration and concerted industry-wide efforts to meet ambitious decarbonization targets.
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