1、Innovative Strategies for Driving the Transition to Net-Zero and Increased Safety for Shipping1Kenneth ChiaManaging Director,Asia World Shipping Council Addressing the Challenges of Decarbonizing Shipping2The Climate Facts:We must do our part Shipping accounts for up to 3%of global GHG emissions IMO
2、s goal:net-zero carbon emissions by 2050The Challenge:Green Fuel Supply and Price Existing technology for green fuels:dual-fuel vessels Current supply of low GHG fuels is limited and expensive Green methanol costs 3 to 4 times more than fossil fuelsThe Solution:Global Regulation from the IMO Creatin
3、g a competitive playing field between green and fossil fuels e.g.,WSCs Green Balance Mechanism Ensuring cost-efficiency in decarbonization efforts Using funds to close the price gap between fossil and green fuelsImproving Cargo Safety3Current Safety Concerns Improper declaration of dangerous goods 5
4、5 vessels destroyed by fires in the past five years Over 200 fire incidents reported in 2023WSCs Cargo Safety Program New industry process for cargo screening and inspections Ensuring proper declaration of dangerous goods Includes rigorous inspection protocols,enhanced training,and best practices fo
5、r cargo handlingDigital Screening Solution Screening booking information to identify high-risk bookings Significant reduction in incidents and containership fires Safer and smoother transport for properly declared dangerous goods7/12/2024Chapter title4Shaping the future of asustainable,safe and secure shipping industry.