#zeroby2040 has been trending on Twitter as Amazon, Unilever, IKEA and Michelin, among the 9 global corporations, have signed the ambition statement for purchasing ocean freight services powered by zero-carbon fuels by 2040. The deal, signed by Cargo Owners for Zero-Emission Vessels (coZEV), has been facilitated by the Aspen Institute Energy and Environment Program (EEP).
The ambition statement sends an important demand signal to the maritime value chain and bunker fuel producers that freight customers want zero-carbon shipping and they expect the industry to rapidly accelerate its decarbonization efforts in the years ahead.”~ The Aspen Institute
The goal is to operate on fuels that will be sustainable across their whole life cycle, in order to decarbonize the entire supply chain of the freight customers.
Exploiting the benefits of Green Fuels
Keeping in mind the ever-increasing significance of sustainability throughout supply chains, increasing the usage of green fuels is a welcomed alternative.
Soren Skou, CEO, A.P. Moller-Maersk mentioned in his LinkedIn post that Maersk will continue its efforts to boost and grow the production of green fuels like ammonia and methanol. He also suggested that the green fuel revolution should transition at a global level to be thoroughly impactful.
“With logistics and distribution accounting for 15 percent of our total greenhouse gas footprint, it is vital we work with partners across industries to accelerate the transition to cleaner transport options”Michelle Grose, vice president, global (logistics), Unilever via LinkedIn post.
The initiative to minimize and eventually cease the usage of carbonized fuels was taken by coZEV in light of the alarming impacts of climate change throughout the world.
“The time to act is now!”Edgar Blanco, director, Amazon Sustainability
The news was welcomed by many in the global logistics and SC industry as it accelerated the metamorphosis towards zero emissions shipping and achieving the 1.5°C goal of the Paris Agreement.