Norwegian Maritime Partners Rise to Zero-emissions Challenge

Norwegian Maritime Partners Rise to Zero-emissions Challenge

Jonas Gahr Støre, the prime Minister of Norway, and John Kerry, the US special presidential envoy for climate change, released a joint statement in May 2022 that included the Green Shipping Challenge, whose primary goal is to accelerate the global transition to green shipping.

Norwegian maritime cluster organizations, shipping-industry associations, shipowners, business organizations, classification societies, and finance actors have committed to long-term cooperation. This collaboration aims to achieve zero emissions for the maritime sector in response to the Green Shipping Challenge developed jointly by Norway and the United States.

The Norwegian collaboration was unveiled at a high-level launch event during COP27 in Egypt last Monday, November 7. This launch was attended by Mr. Kerry and Espen Barth-Eide, the Norwegian Minister of the Environment and Climate, and Prime Minister Støre.

In addition, Svein Tore Holsther, president of the Confederation of Norwegian Enterprise (NHO), will speak on behalf of the Norwegian maritime partners.

Following Norway's national climate goals, participants in the Norwegian partnership will work to reduce shipping-related emissions by 50% by 2030. This goal is in addition to the International Maritime Organization's (IMO) present goal of reducing CO2 emissions from international shipping by at least 40% by 2030 and 70% by 2050.

Evergreen vessel

The partners commit to creating future zero-emission vessels while also working to increase the energy efficiency of current ships. In Norway alone, attaining the 2030 national climate goals will require 700 low-emission and 400 zero-emission vessels.

Daniel Garden, Head of Cluster of GCE Blue Maritime, shared how this binding partnership will help elevate everyone's efforts to achieve sustainability and zero emissions.

"To transform the entire industry, we must provide and share zero-emission solutions, products, and knowledge both within the collaboration and out in the wider market," he added.

Harald Solberg, CEO of the Norwegian Shipowners' Association, echoes the same sentiment. He notes how maritime leaders and shipowners are already taking charge to develop green solutions for the future. He, however, stressed the importance of partnering with other sectors.

"However, to succeed with the green shift, we need strong partnerships between the industry, governments, and academia. We welcome the Norwegian government's commitment in this regard," Solberg shared.

By providing risk capital and financial advising services per regulatory requirements and expectations, Norwegian financial partners with marine patronage will use capital instruments to support green policies and initiatives.

According to the Norwegian government, developing infrastructure for fossil-free energy sources and supporting green initiatives will both be crucial.

Participants in the collaboration include Kystrederiene (Norwegian Coastal Shipowners), GCE Blue Maritime (maritime cluster center of excellence), Norges Rederiforbund (Norwegian Shipowners Association), NCE Maritime CleanTech (Cluster for Clean Maritime Solutions), Havila Kystruten (Hav) and Naeringslivets Hovedorganisasjon (The Confederation of Norwegian Enterprise, NHO) (classification society).

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