Some of the biggest companies in the world are committed to go Net Zero shipping by 2040
Nine of the world’s major companies, including IKEA, Amazon, and Unilever, have recently pledged to decarbonize their maritime freights. They expect to achieve this goal by 2040, which has placed pressure on the industry to move to Net Zero Shipping as quickly as possible.
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While these organizations offer us the convenience of receiving whatever we order at our doorstep, we need to understand that this convenience comes at a cost. During the pandemic, while we all were confined in our homes, the reliance on the eCommerce industry increased drastically. This, of course, meant additional shipping.
While we receive the package at home, we don’t realize that this parcel has traveled miles before it has finally ended with us. This explains why the headline Big Companies Going Net Zero Shipping by 2040 caught everyone’s attention lately.
The new pledge unites the largest multinational corporations in the world against the rising effects of climate change. All signatories have to align their shipping practices with the Paris Climate Agreement’s 1.5°C heating goal.
It is heartening to see organizations teaming up against one big menace plaguing our planet – pollution. Along with Amazon, IKEA, and Unilever, other signatories of the agreement include Zara, Brooks Running, Frog Bikes, Michelin, Tchibo, and Patagonia.
To counter the ever-increasing pollution due to the maritime industry, the institute’s Energy and Environment Program (EEP) introduced the Aspen Shipping Decarbonisation Initiative (SDI) last year. This was further backed by the launch of Cargo Owners for Zero-Emission Vessels (coZEV).
Both of these are historic measures taken towards fighting climate change. It also places the onus of acceleration of decarbonization of the global maritime shipping industry.
Currently, shipping firms aren’t doing enough to minimize their carbon footprint. We need to set aggressive targets and ensure these companies adhere to the set targets so that we can reach the zero shipping goal soon.
The new policies and pacts will help streamline the process, ensuring companies stick to the rules. When big companies take cognizance of these issues and start taking action, it is easy to expect the other companies to follow their steps too soon.
It is a well-known fact that international shipping depends heavily on fuel oil for power. As a result, it produces a whopping 1 billion tonnes of pollution every single year. This amounts to almost 3% of the total global emissions across the world.
The shipping industry is also responsible for 10-15% of the total sulfur oxide and nitrous oxide emissions. The maritime shipping industry alone is linked to 260,000 premature deaths annually.
The shipping industry needs to be decarbonized as quickly as possible. We need to put our collective efforts in this direction to achieve sustainability in this sector faster. If you’re wondering what we can do personally, our suggestion is to look for those companies that are already implementing these measures. This is the best way to ensure that the rest of the companies do the same as soon as possible.