Zero Emission Maritime Buyers’ Alliance (ZEMBA) announced at COP 

November 21, 2022 /

BCOs and forwarders can now negotiate collectively to buy zero emission scalable fuels, following the launch of a scheme at Cop (ZEMBA), within the ‘Roadmap to 2040’ for Zero Emission Vessels (coZEV). The ‘Roadmap’ presents new action areas for cargo owners seeking to accelerate deployment of zero emission shipping, engage in maritime decarbonization policy, and support green shipping corridors.

The plans include a maritime ‘buyers’ collective bargaining initiative’ to give shippers sufficient critical mass to push ship decarbonisation. Participation in these new action areas is open to all cargo owners interested in transitioning their ocean freight to zero emission shipping in the coming years.

With facilitation support from the Aspen Institute, coZEV plans to welcome an inaugural group of freight buyers to join ZEMBA in 2023. Together, those members will then announce their total demand for zero emission ocean shipping with an associated goal for avoided greenhouse gas emissions. A competition law compliant process is under design to attract zero emission cargo services for ZEMBA members by the mid-2020s. Cargo owners interested in leading an accelerated transition to zero emission shipping are invited to contact the Aspen Institute to learn more and join ZEMBA.

To propel the economic viability and scaling of zero emission solutions, coZEV will also launch a new cargo owner policy coalition in 2023. This will provide a platform for climate-leading cargo owners to collaborate on maritime decarbonization policy and educate national, regional, and international policymakers on the need to: (1) incentivize commercial viability of zero emission shipping by 2030, including policies that close the cost and supply gap between scalable zero emission fuels and high-emission bunker fuels and (2) ensure adequate investment in the infrastructure needed for widespread adoption of zero emission fuels and technologies. 

Another action area announced in the ‘Roadmap to 2040’ is the formation of a new green corridor advisory board that allows cargo owner companies to stay informed about and provide input to the growing number of green corridor projects around the world.

2040 may seem a long way ahead but with climate change at the forefront of shipping this is a positive step for the future.

For more information please visit the coZEV website here, and if you would like to read the roadmap please go here.

For further information please contact us - we look forward to hearing from you.

Source: The Loadstar /