Shipping majors make green hydrogen call at COP29

Anglo-Eastern, Fortescue, GasLog, Mitsui OSK Lines, Ocean Network Express, Trafigura, and X-Press Feeders are among more than 50 high profile names in shipping who have signed a green hydrogen call to action at the United Nations’ ongoing climate talks at COP29 in Baku this week. Many ports have also signed up to the call to action entitled: Green Hydrogen and Green Shipping: Amplifying the Power of Hydrogen in a Just and Equitable Transition.

The call commits the global shipping sector signatories to prioritising investment in hydrogen-derived fuels that reduce emissions and transition costs. 

It includes strong commitments from industry to the full decarbonisation of the maritime sector, with a goal of at least 5% – and as much as 10% – of energy used with zero or near-zero emissions technologies, fuels and energy sources by 2030.

“Shipping affects us all and rules must be set that benefit all economies. No one can be left behind,” said Nigar Aparadarai who leads the UN Climate Change High-Level Champions Team.

“Fortescue does not believe so-called transition fuels are the way forward. We need the IMO to agree to a zero emissions fuel standard,” commented Fortescue executive chairman, Dr Andrew Forrest. “The choice is whether to waste the next 10 years on incremental measures that cost more and deliver less or deliver a real zero fuel standard that drives investment into real maritime decarbonisation solutions.”