Amazon, Ikea, Unilever... join the coZEV project - Cargo Owners for Zero-Emission Vessels

coZEV- Cargo Owners for Zero-Emission Vessels (Image: Phaata.com)

Nine major shippers have committed to moving all of their ocean cargo to zero-carbon fuel vessels by 2040 as part of a new initiative coZEV - Cargo Owners for Zero-Emission Vessels.

Amazon, Brooks Running, Frog Bikes, Ikea, Inditex, Michelin, Patagonia, Tchibo and Unilever are the first signatories of a new global project initiated by the Aspen Institute and supported by the Clean Air Task Force. This initiative aims to accelerate the decarbonization of the shipping sector and encourage companies to engage in collaborative innovation.

Officials from the Aspen Institute commented: “By creating space for companies to work together on these ideas, we can help them shape the zero-carbon shipping transition to achieve both their climate and business goals”.

Together, these companies are committed to aligning their ocean freight operations with the 1.5°C goal and are sending an important demand signal for carbon-free fuel adoption.

Under the new alliance, partners will work on projects including:

- Cargo owner-support for the first zero-carbon maritime shipping corridors

- New mechanisms for bringing together collective freight demand and achieve economies of scale for zero-carbon shipping

- Harnessing cargo owner voice to support public policies that will accelerate and lower the cost of the decarbonization transition

- Promoting new and improved tools for tracking shipping emissions data and fostering transparency

- With a commitment to practical, action-oriented collaboration, even the hardest to abate sectors like maritime shipping can be decarbonized in line with our shared Paris Agreement goals. 

'Maritime shipping, like all sectors of the global economy, needs to decarbonise rapidly if we are to solve the climate crisis, and multinational companies will be key actors in catalyzing a clean energy transition in shipping," commented Dan Porterfield, President and CEO of the Aspen Institute.

“We need to speed up the transformation towards zero emission ocean shipping,” said Elisabeth Munck af Rosenschöld, Sustainability Manager Supply Chain Operations at IKEA. “By collaborating with like-minded partners, companies, and organizations across the value chain we can create strong movements.”

Last month, more than 150 industry leaders and organizations joined forces under the Call to Action initiative to urge governments and global shipping industry leaders to commit to decarbonization by 2050.

Source: Phaata.com (According to Offshore Energy)

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