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Maersk pledges to cut emissions to zero by 2050

IANS  |  Copenhagen 

World's biggest container shipper AP Moller has announced that it would cut its emissions to zero by 2050 without using offsets, heralding the prospect of carbon neutral international trade.

is in the group of the top 100 highest emitting companies, so this is a significant announcement.

The shipper company said they will need to make zero fuel and "commercially viable" by 2030, reaching the same cost or cheaper than fossil fuels within 11 years.

"The next 5-10 years are going to be crucial," said. "We will invest significant resources for innovation and "

"is right that emissions have to go to zero before 2050 if we are to avoid climate catastrophe and they should be applauded for promoting this long-term objective, but that doesn't absolve them of responsibility for reducing emissions in the short-term," said John Maggs, at Seas At Risk.

"In addition to this long-term vision they need to stop blocking efforts to cap and reduce ship speeds, the only short-term measure that can produce the deep, fast cuts in emissions that are necessary to keep warming below 1.5 degrees."

Maersk's announcement is at least partly a response to the International Maritime Organisation's landmark Initial Greenhouse Gas Reduction Strategy, adopted in April.

The objectives agreed to by governments in this strategy are to at least halve shipping by 2050, and to reduce by 40 per cent carbon intensity of the industry by 2030, both compared to 2008 levels.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 18:34 IST
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