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agreement for zero emissions at COP29" decoding="async" loading="lazy" srcset="https://greenreview.com.au/wp-content/uploads/2024/11/Global-shipping-leaders-sign-historic-agreement-for-zero-emissions-at-COP29.jpg 1000w, https://greenreview.com.au/wp-content/uploads/2024/11/Global-shipping-leaders-sign-historic-agreement-for-zero-emissions-at-COP29-300x200.jpg 300w, https://greenreview.com.au/wp-content/uploads/2024/11/Global-shipping-leaders-sign-historic-agreement-for-zero-emissions-at-COP29-768x512.jpg 768w, https://greenreview.com.au/wp-content/uploads/2024/11/Global-shipping-leaders-sign-historic-agreement-for-zero-emissions-at-COP29-45x29.jpg 45w" sizes="auto, (max-width: 1000px) 100vw, 1000px" /> </div> <div class="post_content"> <i> <br><br></i> <br> <p><strong>In a landmark move at the 2024 United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, Fortescue and over 50 global shipping industry leaders have signed a major agreement calling for accelerated action on zero emissions fuel standards and investments in international shipping.</strong></p> <p>The agreement, titled <em>Green Hydrogen and Green Shipping: Amplifying the Power of Hydrogen in a Just and Equitable Transition</em>, was spearheaded by the UN Climate Change High-Level Champions Team, led by Nigar Aparadarai.</p> <p>This call to action comes at a critical juncture, with the International Maritime Organisation (IMO) set to make crucial decisions on emissions reduction in April 2025.</p> <p>The signatories have committed to prioritising investments in hydrogen-derived fuels to reduce emissions and transition costs.</p> <p>The agreement sets an ambitious target for the maritime sector to use at least 5 per cent and up to 10 per cent of energy from zero or near-zero emissions technologies, fuels, and energy sources by 2030.</p> <p>Fortescue’s Executive Chairman, Dr. Andrew Forrest, emphasised the need for a zero-emissions fuel standard, stating: “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.”</p> <p>IMO Secretary-General Arsenio Dominguez highlighted the importance of achieving balanced outcomes for both the industry and member states in the pursuit of an equitable energy transition for global shipping.</p> <p>Fortescue has been at the forefront of sustainable shipping technology.</p> <p>In March 2024, their vessel, the Fortescue Green Pioneer, became the world’s first dual-fuel ammonia-powered service vessel to receive flag state status from Singapore and safety certification from DNV.</p> <p>Nigar Aparadarai emphasised the global nature of shipping and the need for inclusive rules.</p> <p>She pointed out the visible impacts of climate change, such as the dramatic drop in the Caspian Sea level, underscoring the urgency of transitioning to zero-emissions fuels.</p> <p>This historic agreement at <a href="https://greenreview.com.au/construction/ciob-joins-greenskillsatcop-to-tackle-green-skills-shortage-ahead-of-cop29/">COP29</a> represents a significant step towards sustainable shipping and demonstrates the industry’s commitment to combating climate change.</p> <p>As the maritime sector moves towards its goal of full decarbonisation, the actions taken in Baku are likely to have far-reaching implications for global trade and environmental protection.</p> <p></p> </div>  </article> <div id="recent_posts"> <h3 class="section_title"> Related Articles </h3> <div class="posts_wrapper"><article class="item_left"> <div class="pic"> <a href="https://greenreview.com.au/events/sustainable-action-conference-sac-2024/" class="w_hover img-link img-wrap"> <img width="1000" height="667" src="https://greenreview.com.au/wp-content/uploads/2024/09/HERO-herogdr.jpg" class="attachment-related-posts size-related-posts" alt="Sustainable Action Conference (SAC) 2024" decoding="async" loading="lazy" 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