Norwegian Maritime Sector Jointly Sets Sights On Net-Zero

Norwegian Maritime Sector Jointly Sets Sights On Net-Zero
Norwegian maritime cluster organizations have joined forces to push the maritime sector towards net zero emissions.

Responding to the Green Shipping Challenge, set forth by the Norwegian and US governments, Norwegian maritime sector entities have joined forces to focus on achieving net zero emissions for the sector. Entities include, shipping-industry associations, shipowners, business organizations, classification societies and finance actors.

The Green Shipping Challenge, whose primary aim is to catalyze the global transition to green shipping, was issued as part of a joint statement on climate by Norwegian Prime Minister Johas Gahr Støre and Special Presidential Envoy on Climate John Kerry in May 2022.

The Norwegian collaboration was unveiled at a high-level launch event during COP27 in Egypt. Participants in the Norwegian collaboration will strive towards reducing emissions from shipping by 50 percent by 2030, in line with the Norway’s national climate goals. This comes in addition to the current target of the International Maritime Organization (IMO) to reduce CO2 emissions from global shipping by at least 40 percent by 2030 and 70 percent by 2050.

Alongside efforts to improve the energy efficiency of existing vessels, the partners undertake to develop, design and build the zero-emission vessels of the future. Achieving 2030 national climate goals will require 700 low-emission and 400 zero-emission ships in Norway alone.

“Together we are ready to enter into a binding partnership with the authorities to reach our national climate targets, and this is a big step towards closer cooperation,” said Head of Cluster Daniel Garden of GCE Blue Maritime.

“To have the lowest impact on the world's natural resources, the transition must consist of both a green conversion program for existing ships, as well as a comprehensive green newbuilding program. The partners will also contribute to nascent green shipping corridors in Europe through the development of port infrastructure along the Norwegian coast,” he added. “To transform the entire industry, we must provide and share zero-emission solutions, products and knowledge both within the collaboration and out in the wider market.”

“The Norwegian maritime industry has set ambitious climate goals, and we are taking a leading role in developing green solutions for the future. Already, nine out of 10 Norwegian shipowners say that they will equip their ships with new technology that cuts emissions. The same number also believe they will be climate neutral by 2050. Owners are considering a wide range of solutions, such as green ammonia, hydrogen, wind-assisted propulsion, batteries and the use of artificial intelligence to reduce ships' fuel consumption. However, to succeed with the green shift we need strong partnerships between the industry, governments and academia. We welcome the Norwegian government’s commitment in this regard,” said Harald Solberg, CEO of the Norwegian Shipowners' Association.

Norwegian financial partners with maritime patronage will utilize capital instruments to support green measures and projects through the provision of risk capital and financial advisory services in line with regulatory requirements and expectations. Norwegian government support for green initiatives and infrastructure development for fossil-free energy sources will also play a key role.

Collaboration participants comprise GCE Blue Maritime (maritime cluster center of excellence), NCE Maritime CleanTech (Cluster for Clean Maritime Solutions, Næringslivets Hovedorganisasjon (The Confederation of Norwegian Enterprise, NHO), Norsk Industri (The Federation of Norwegian Industries), Norges Rederiforbund (Norwegian Shipowners Association), Kystrederiene (Norwegian Coastal Shipowners), Maritimt Forum (Maritime Forum industry association), Havila Kystruten (Havila Voyages), Hurtigruten, Kongsberg (marine technology) and DNV (classification society).

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