Accelleron will launch a landmark Net Zero report at London International Shipping Week (LISW) this month, calling on shipping to join forces with other industries and pool demand for carbon-neutral fuels.
The call to decarbonize shipping has sparked a technological renaissance in the past decade that has enabled vessels to slash emissions in a variety of ways and be powered by carbon-neutral fuels. But the production of such fuels at scale and at affordable prices has yet to materialize.
The result? While over a hundred billion dollars have been invested in maritime decarbonization, carbon emissions have continued to rise, widening the gap to the IMO’s approaching targets.
Accelleron’s report combines proprietary modelling with extensive insights from peers across the shipping value chain to determine the current stalemate and map a comprehensive way out:
- Pool demand for hydrogen-based fuels with other hard-to-abate sectors such as aviation, steel, power and agriculture to trigger scalable investment in production and infrastructure.
- Empower ports to enable change by bringing together industry to aggregate demand, orchestrate supply chains and reduce risk for investors.
- By catalyzing cross-sector cooperation, shipping can be driver of the energy transition in hard-to-abate sectors rather than a passenger.
“The stakes are high as we strive to meet shipping’s 2030 emissions reduction target. Success hinges on implementing energy-saving technologies and going viral with fuel efficiency. But that’s just the first step in decarbonization,” said Daniel Bischofberger, Chief Executive Officer at Accelleron.
“The bigger challenge is developing carbon-neutral fuels, which are critical not only for the decarbonization of maritime but for sectors contributing over 70% of global emissions. Solving this will require unprecedented cross-industry collaboration and a shared commitment to accelerating fuel development and adoption.”
Accelleron’s report is a call to action – and an invitation – to build the solutions already known to be possible.
Accelleron will launch the report at LISW’s Global Hub on Tuesday, 16th September (1400–1600 UK time) and will host a panel discussion, followed by a Q&A, with:
- Patrick Verhoeven, Managing Director, International Association of Ports and Harbors
- Mark Simmonds, Director of Policy and External Affairs, British Ports Association
- Chris Waddington, Technical Director, International Chamber of Shipping
- Isabelle Ireland, Head of Operations, Intercontinental Energy
- Matt Dunlop, Group Director, Sustainability & Decarbonization at Group, Strategic Partner, Secondee, Mærsk Mc Kinney Møller Center for Zero Carbon Shipping
- Christoph Rofka, President, Medium and Low Speed, Accelleron
- Martin Crawford-Brunt, Chief Executive Officer, Lookout Maritime, and Council Member, Baltic Exchange (Moderator)
The panel will explore questions such as:
- Why shipping’s decarbonization has stalled despite major technological advances
- The scale of investment required for green hydrogen as the foundation of shipping’s net zero future
- How fragmented demand is blocking progress and what we can do about it
- The critical role of ports as nexus for cross-sector demand aggregation
- How shipping can act as a catalyst for the wider cross-sector energy transition
To register for this LISW25 Global Hub event, visit: https://lisw.com/event/breaking-the-carbon-neutral-fuel-deadlock-to-accelerate-to-net-zero/
