Swedish shipping is setting out to be ahead of the pack when it comes to decarbonisation. The Swedish Shipowners’ Association has outlined plans to be fossil fuel free by 2045, five years’ ahead of current IMO decarbonisation targets.
The association is developing a roadmap to net zero greenhouse gas emissions in partnership with Fossil-free Sweden, a government initiative.
The heads of the two bodies wrote an opinion article for local financial newspaper, Dagens Industri, in which they stated that with the right incentives, local shipping can transform to become fossil fuel free in 26 years’ time.
A national target to cut emissions from domestic transport 70% by 2030, on the way to net zero in 2045, is “challenging but not impossible”, wrote shipowners boss Rikard Engström and Svante Axelsson, the head of Fossil-free Sweden.
The article called on the government to fund innovation and make changes to the existing tax system to favour low carbon technology and practices. By being early adopters of new technology Swedish shipping could gain a competitive advantage, the article suggested.
Last year the member states of the IMO agreed to halve shipping’s carbon footprint by 2050. Danish carrier Maersk has since gone a step further, planning to be carbon neutral by the middle of the century.