French supermajor Total SA, one of the largest global natural gas producers, said Monday it has joined the Getting to Zero Coalition to work toward a 50% reduction in greenhouse gas (GHG) emissions from shipping by 2050, including helping to improve liquefied natural gas (LNG) infrastructure.
In addition to reducing its GHG emissions, Total plans to assist in the coalition’s commitments by contributing fuels, marine lubricants and zero-emission technologies. Total plans to contribute to improve the shipping industry’s GHG emissions through developing LNG supply infrastructure, biofuels, and batteries. Additionally, two LNG-propelled very large crude carriers, aka VLCCs, were recently deployed by Total for long-term chartering.
“By joining the Getting to Zero Coalition, we want to push innovation and foster collective actions with all the stakeholders of the industry, thus contributing more efficiently to the reduction of the carbon footprint of maritime transport and its energy value chains,” said CEO Patrick Pouyanné.
Getting to Zero Coalition is a partnership between the Global Maritime Forum, the Friends of Ocean Action and the World Economic Forum. It builds on the Poseidon Principles, another global framework for climate-aligned ship financing.The coalition touts more than 70 partners from across the maritime industry, financial institutions, energy companies and other stakeholders.
The coalition expects to achieve the International Maritime Organization’s ambitions of reducing GHG emissions from shipping by at least 50% by 2050, compared to 2008 levels. Additionally, through its members, the coalition aims to have operating, commercially viable deepsea zero-emission vessels by 2030.
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