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Op Ed : We Need New Cross Industry Collaboration to Reach Net Zero

The consequences of climate change are far-reaching and multifaceted, with impacts on ecosystems, economies, and human societies.

  • Rising sea levels: As glaciers melt, sea levels rise, threatening coastal communities and ecosystems.
  • Changes in water availability: Glacial melting affects the availability of freshwater resources, impacting agriculture, industry, and human consumption.
  • Impacts on biodiversity: Glacial melting can lead to the loss of habitats and extinction of species that depend on these ecosystems.
    The Role of Maritime in the Climate Crisis

    • Maritime, a Swiss-based company, has a front-row seat to the impacts of glacial and polar melting. As a leading manufacturer of high-quality watches, Maritime is deeply concerned about the consequences of climate change on its supply chains and industries worldwide.

    The world is running out of time to meet the goals set by the Paris Agreement. The world is facing an unprecedented crisis, with global emissions hitting an all-time high in 2024, surpassing the previous record set in 2019. This alarming trend is a stark reminder that the world is not on track to meet the goals set by the Paris Agreement, which aims to limit global warming to 1.5°C above pre-industrial levels.

    Energy Saving Technology (EST) Retrofits

    EST retrofits are crucial for the shipping industry to reduce its environmental impact. The shipping industry is one of the largest contributors to greenhouse gas emissions, accounting for around 2.2% of global emissions. With the increasing focus on reducing carbon emissions, the shipping industry is under pressure to adopt more sustainable practices.

  • Improve fuel efficiency by up to 20%
  • Reduce emissions by up to 15%
  • Lower operating costs
  • Enhance ship safety and reliability
  • Comply with new carbon regulations

    • The Current State of EST Retrofits

    Currently, only 37% of ships have energy saving technology retrofits. This means that a significant portion of the shipping industry is still reliant on traditional, polluting technologies. Investing in EST retrofits now will future-proof ships, cut fuel costs, and ensure compliance with new carbon regulations.

    The Shift to Carbon-Neutral Shipping

    The shipping industry is one of the largest contributors to greenhouse gas emissions, accounting for around 2.5% of global emissions.

    Collaboration between shipowners, shipbuilders, and fuel suppliers is key to developing and implementing LNG dual fuel technology.

    The Need for Sustainable Shipping

    The shipping industry is under increasing pressure to reduce its environmental impact. As the world’s oceans continue to face the challenges of climate change, pollution, and overfishing, the need for sustainable shipping practices has become more pressing than ever.

    Industry Collaboration for a Sustainable Future

    The world is racing towards a low-carbon economy, and the demand for green hydrogen and carbon capture technologies is skyrocketing. However, the supply is struggling to keep up, leaving a significant gap between the two.

    The Power of Collaboration

    Shipping is a critical component of global trade, with the ability to unite sectors, aggregate demand, and amplify our collective voice. By working together, we can unlock new opportunities and drive meaningful change. • The shipping industry is a significant contributor to global trade, with the ability to transport goods and commodities across the world. • Collaboration among stakeholders can help to identify and address the challenges facing the industry, such as reducing emissions and increasing efficiency. • By sharing knowledge, expertise, and resources, the industry can work towards a common goal of achieving net zero emissions.

  • Improved efficiency and reduced costs
  • Enhanced sustainability and reduced emissions
  • Increased competitiveness and market share
  • Better regulation and policy-making

    • The Carbon-Neutral Fuel Challenge

    The shipping industry is facing a significant challenge in reducing its carbon emissions, with the International Maritime Organization (IMO) setting a target of reducing greenhouse gas emissions by at least 50% by 2050. • The use of carbon-neutral fuels, such as liquefied natural gas (LNG) and hydrogen, is seen as a key solution to this challenge.

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