Canada and United Arab Emirates first to back maritime sector’s green fuel initiative
The International Chamber of Shipping (ICS) and International Association of Ports and Harbors (IAPH), along with the CEO-led Clean Energy Maritime Taskforce, unveiled the ‘Clean Energy Marine Hubs Initiative’ at the Clean Energy Ministerial (CEM) in Pittsburgh, according to ICS's release.
The Initiative will be a convening platform for public and private senior-level stakeholders from the ports, shipping, finance, and energy sectors across the energy-maritime value chain. ICS and IAPH will kickstart activity with governments represented at the CEM, with the objective of advancing the production, export and import of low-carbon fuels.
The governments of Canada and the United Arab Emirates (UAE) confirmed during the CEM meeting in Pittsburgh that they will be among the first countries to back this key initiative, to help accelerate the worlds transition to green fuels and technologies.
The initial concept for creating green marine hubs was announced earlier this year as a forum to enable policy makers and industry stakeholders to quickly unlock clean energy deployment. This announcement represents the next step in the development of an initiative that will help unlock the potential for global adoption of zero emission fuels.
CEM is a meeting of 29 energy ministers from leading governments, as part of the US Department of Energy’s Global Clean Energy Action Forum (GCEAF). The Forum brings together advocates from the energy community to share ideas on how to deliver a successful global green transition.
Representatives of the maritime sector anticipate the participation of Canada and the UAE to establish a “pathway” for others to follow. The broader goals of the Initiative were also discussed at a plenary session organised by ICS. Key objectives include facilitating information and knowledge exchange on policies, programmes, and decarbonisation projects to de-risk investment and accelerate the commercial deployment of alternative fuels and technologies across countries.
Recent research from the International Renewable Energy Agency has emphasised the importance of shipping’s role in the global green transition. By 2050, the shipping industry is expected to transport at least 50% of all traded zero-carbon fuels.
The Clean Energy Marine Hubs Initiative is backed by more than 150 CEOs and government representatives, who voted to take forward plans for its creation at an ICS summit in June this year.
The UAE, represented by the Ministry of Energy and Infrastructure, has recently announced the Hydrogen Leadership Roadmap, a comprehensive national blueprint to support domestic, low-carbon industries and contribute to the country’s net-zero ambition. This to make the country a competitive exporter of hydrogen.
The country has also announced the UAE Net Zero by 2050 Strategic Initiative, a national drive to achieve net-zero emissions by 2050, making the United Arab Emirates the first Middle East and North Africa (MENA) country to do so. In line with this initiative, the IMO 2030 decarbonisation goals and the Sustainable Development Goals 2030, the Ministry aims to enhance the quality of life in the country.
The International Chamber of Shipping (ICS) is the principal international trade association for merchant shipowners and operators, representing all sectors and trades and over 80% of the world merchant fleet.
Founded in 1955, the International Association of Ports and Harbors (IAPH) has developed into a global alliance of 166 port authorities, including many of the world’s largest port operators as well as 130 port-related businesses. IAPH’s World Ports Sustainability Program has grown into the reference database of best practices of ports applying the UN Sustainable Development Goals and integrating them into their businesses.
