World’s biggest container shipper commits to carbon neutrality by 2050

Danish container shipping giant Maersk has pledged to become a carbon-neutral business by 2050 – the first commitment of its kind from the global maritime shipping sector. Maersk operates more than 780 vessels accross the world and employs more than 30,000 people Announced on Wednesday (5 December), the move will see Maersk work with governments and industry in order to help spur the development of net-zero vessels and shipping fuels in a bid to make these technologies commercially viable by 2030. Given that the average container shipping vessel has a lifespan of 20-25 years, Maersk’s chief operating officer Søren Toft said that taking ambitious action to decarbonise the shipping sector within the next decade will be “crucial” in achieving the International Maritime Organisation’s (IMO) 2050 target of halving CO2 emissions from 2008 levels. “ 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,” Toft said. “Going forward, we cannot do this alone.” While collaboration will be key to meeting its 2050 ambition, Maersk is also set to make “significant” investment into retrofitting its existing vessels, purchasing electric ground vehicles, sourcing renewable power and installing energy […]

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