Getting to Zero Coalition (2024)

Getting to Zero Coalition

ENERGY TRANSITION

Accelerating maritime shipping's decarbonization with the development and deployment of commercially viable deep sea zero emission vessels by 2030 towards full decarbonization by 2050.

  • The Getting to Zero Coalition is a powerful alliance of more than 200 organizations (including 170 companies) within the maritime, energy, infrastructure and finance sectors, supported by key governments and IGOs. The Coalition is committed to getting commercially viable deep sea zero emission vessels powered by zero emission fuels into operation by 2030 towards full decarbonization by 2050 – maritime shipping’s moon-shot ambition.

    Background

    The Getting to Zero Coalition is an industry-led platform for collaboration that brings together leading stakeholders from across the maritime- and fuels value chains with the financial sector and others committed to making commercially viable zero-emission vessels a scalable reality by 2030, towards full decarbonization by 2050. It is managed by the Global Maritime Forum, who initially founded the Coalition together with the World Economic Forum and Friends of Ocean Action.

    The challenge

    International shipping emits 2-3 percent of global GHG emissions, transporting close to 80 percent of global trade by volume.

    In July 2023, the International Maritime Organisation (IMO) adopted its Revised Greenhouse Gas Strategy, setting the target for reaching net-zero GHG emissions by or around, i.e. close to, 2050, in combination with the indicative checkpoints for 2030 and 2040. Furthermore, the Strategy also refers to a fuel uptake target of 5% striving for 10% of (near-) zero emission fuels by 2030.

    To reach the targets set out by the Strategy, commercially viable zero emission vessels must start entering the global fleet by 2030, with their numbers to be radically scaled up through the 2030s and 2040s. This will require developing the vessels as well as the future fuel supply chain, which can only be done through close collaboration and deliberate collective action between the maritime industry, the energy sector, the financial sector, and governments and IGOs, informed by experts and NGOs.

    The opportunity

    Shipping’s decarbonisation can be the engine that drives green development across the world. The falling costs of net zero carbon energy technologies make the production of sustainable alternative fuels increasingly competitive. Determined collective action in shipping can increase confidence among suppliers of future fuels that the sector is moving in this direction. This will translate through the supply chain into increased demand for zero emission fuels. It could also be an important point of leverage for change across other hard-to-abate sector, thus accelerating the broader energy transition.

    New marine fuels, derived from abundant untapped renewable resources, could also bring substantial development gains. Ports and shipping already underpin many countries’ economic growth; if shipping becomes a reliable source of demand for zero emission fuels, it has the potential to drive investment in energy projects in developing and middle-income countries.

    The Ambition

    The vision of the Getting to Zero Coalition is to advance Zero Emission Vessels (ZEVs) to support the transformational change toward a decarbonized, sustainable, and affordable shipping industry.

    The ambition of the Getting to Zero Coalition set in the Ambition Statement is to have commercially viable ZEVs operating along deep-sea trade routes by 2030, supported by the necessary infrastructure for scalable net zero-carbon energy source including production, distribution, storage and bunkering.

    In addition, the Coalition endorses the messages and ambition of the Call to Action for Shipping Decarbonization launched in September 2021 which points to the need for shipping to align with the Paris Agreement temperature goal and be run entirely on net-zero energy sources by 2050.

    The Coalition is defined by this ambition and a set of core principles that all members share. As defined in the Ambition Statement and in the Call to Action for Shipping Decarbonization, Coalition members are committed to the decarbonization of deep-sea shipping, are technology-neutral and action-oriented, and the solutions they seek are commercially viable, safe, inclusive, and open.

    Formally supporting the Getting to Zero Coalition is an expression of intent that does not create any legal or financial obligations.

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    Getting to Zero Coalition (2024)

    FAQs

    What is the getting to zero coalition ambition statement? ›

    The Coalition's ambition is to commercialize zero-emission vessels operating along deep-sea trade routes by 2030, supported by the necessary infrastructure for scalable zero-carbon energy sources including production, distribution, storage and bunkering.

    What is coalition getting to zero? ›

    The Getting to Zero Coalition is an industry-led platform for collaboration that brings together leading stakeholders from across the maritime- and fuels value chains with the financial sector and others committed to making commercially viable zero-emission vessels a scalable reality by 2030, towards full ...

    What is the net zero coalition UK? ›

    The UK Business Group Alliance for Net Zero (BGA) is a formal network of leading business groups working to increase political and business ambition with the aim of achieving net zero greenhouse gas emissions by 2050 in the UK. The BGA officially launched on 29 April 2021.

    What is net zero un? ›

    Put simply, net zero means cutting carbon emissions to a small amount of residual emissions that can be absorbed and durably stored by nature and other carbon dioxide removal measures, leaving zero in the atmosphere.

    What is getting to zero coalition? ›

    The Getting to Zero Coalition is a powerful alliance of more than 200 organizations including 160 companies within the maritime, energy, infrastructure and finance sectors, supported by key governments and IGOs.

    What is the coalition of ambition? ›

    The High Ambition Coalition for Nature and People (HAC for N&P) is an intergovernmental group of more than 115 countries united by a shared ambition to implement the global goal of effectively conserving and managing at least 30 percent of the world's land and ocean by 2030.

    What is the Getting to Zero initiative? ›

    Getting to Zero Illinois is a state-wide initiative to end the HIV epidemic in the state by 2030. Through partnerships with people living with HIV, community-based organizations, health care providers, government agencies and others, we can dramatically shift HIV in Illinois.

    What was the purpose of the coalition? ›

    Although persons and groups form coalitions for many and varied reasons, the most common purpose is to combat a common threat or to take advantage of a certain opportunity, resulting in the often temporary nature of coalitions.

    What problem did the Great Coalition solve? ›

    The Great Coalition was created to eradicate the political deadlock between Canada West and Canada East. The government at that time was unable to pass any legislation because of the need for a double majority.

    Is net zero by 2050 enough? ›

    Sir David King, Chair of CCAG, commented: “Achieving net zero by 2050 is no longer enough to ensure a safe future for humanity; we must revise global targets beyond net zero, and commit to net negative strategies urgently.

    What is the goal of net zero? ›

    Net Zero as the Goal

    Net zero is the internationally agreed upon goal for mitigating global warming in the second half of the century. The IPCC concluded the need for net zero CO2 by 2050 to remain consistent with 1.5C.

    What is net zero in simple terms? ›

    We've all heard the term net zero, but what exactly does it mean? Put simply, net zero refers to the balance between the amount of greenhouse gas (GHG) that's produced and the amount that's removed from the atmosphere. It can be achieved through a combination of emission reduction and emission removal.

    Why is net zero bad? ›

    Net-zero pledges can potentially worsen climate inequities. For example, wealthy countries, which include some of the largest historical polluters, are able to fund offset projects outside their borders while continuing to pollute at home.

    Does net zero still exist? ›

    NetZero was one of the first Internet Service Providers (ISPs) and offered free dial-up service in the early days of the internet. The company was founded in 1996 and was later acquired by United Online in 2001. Although the http://NetZero.net website still exists, the company no longer offers dial-up service.

    Why is climate change bad? ›

    Climate change is the single biggest health threat facing humanity. Climate impacts are already harming health, through air pollution, disease, extreme weather events, forced displacement, pressures on mental health, and increased hunger and poor nutrition in places where people cannot grow or find sufficient food.

    What are the objectives of race to zero? ›

    Race to Zero is a global campaign rallying non-state actors – including companies, cities, regions, financial, educational, and healthcare institutions – to take rigorous and immediate action to halve global emissions by 2030 and deliver a healthier, fairer, net zero world.

    What is the High Ambition Coalition on Climate Change? ›

    The High Ambition Coalition (HAC) is an informal group of countries within the UN Framework Convention on Climate Change (UNFCCC) committed to advancing progressive proposals on climate ambition.

    What is the mission of the prime coalition? ›

    Our Mission. Prime Coalition is a nonprofit organization on a mission to unlock catalytic capital and change the future of climate finance.

    Which countries are in the High Ambition Coalition? ›

    The High Ambition Coalition now has 66 Members: Rwanda, Norway, Canada, Peru, Germany, Senegal, Georgia, Republic of Korea, UK, Switzerland, Portugal, Chile, Denmark, Finland, Sweden, Costa Rica, Iceland, Ecuador, France, the Dominican Republic, Uruguay, Ghana, Monaco, Slovenia, the United Arab Emirates, Republic of ...

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