BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a5916e717057 DTSTART:20251110T154500Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20251110T171500Z LOCATION:Belém\, Brazil SUMMARY:COP30 side event: Charting the course of the energy transition in g lobal shipping CLASS:PUBLIC DESCRIPTION:The 2023 IMO GHG Strategy foresees global shipping to be net-ze ro by or around 2050. Numerous actions are being implemented at the global \, regional and national level aimed at achieving that goal.In 2021 IMO ad opted the short-term GHG reduction measure\, putting in place mandatory en ergy efficiency requirements requiring ships to progressively reduce their carbon intensity (EEXI and CII)\, thereby reducing fuel consumption per t onne/mile transported. Latest fuel consumption data reported to the IMO de monstrate an improvement of carbon intensity between 31 and 38% (depending on the metric used)\, compared to 2008\, thus nearing the 40% target for 2030 as set out in the IMO GHG Strategy.Further energy efficiency improvem ents can reduce fuel consumption and boost innovation in all ship segments . Rapid technological development in propeller design\, air lubrication sy stems\, wind propulsion\, hull coating\, and just-in-time operations lower ed CAPEX and OPEX costs\, and faster payback periods.Ports continue to pur sue partnerships along green maritime corridors\, and currently over 60 of these corridors are at different stages of development\, nourishing cruci al first-mover experience in the use of alternative fuels\, safe bunkering \, shore-power\, and forging demand for zero and near-zero emission fuels and technologies through cooperation in industrial clusters in ports areas .IMO’s support to countries to develop National Action Plans further rei nforces cooperation between the shipping\, ports and energy sectors\, as w ell as the financial sector to enhance access to finance for shipbuilding and retrofits.Shipping plays an important role in the global energy transi tion\, enabling the transport of low-emission fuels from their production locations to high-energy demand centers\, also allowing ships to use those fuels for propulsion.IMO is in the process of developing a next set of re gulatory measures that will further chart the course of shipping’s energ y transition towards net-zero\, facilitating global trade\, creating new o pportunities for alternative fuel producing countries\, supporting related maritime infrastructure development\, and safeguarding reliable and affor dable shipping for the many States depending on shipping as their lifeline to the world’s markets.This event will focus on current action\; and re commendations on how IMO and other stakeholders can further prompt the ene rgy transition of shipping throughappropriate regulatory measures and broa der enabling frameworks\; including first-mover action and support mechani sms\, notably for developing countries\, in particular SIDS and LDCs\, to ensure that no one is left behind.Governments and other public entities\, international organizations\, industry and civil society representatives a re invited to join this dialogue\, and share their valuable insights on th e necessary next steps in shipping’s energy transition.Agenda16:45 – 1 6:55OpeningMr. Arsenio Dominguez\, Secretary-General\, International Marit ime Organization (IMO)16:55 – 17:05 Key noteH.R.H. Prince Jaime de Bour bon de Parme\, Climate Envoy\, Netherlands17:05 – 18:00Ongoing action in the energy transition of shipping and actions needed to accelerate upscal ing and innovationModerator:Ms. Katharine Palmer\, Maritime Lead\, Climate Champions TeamPanel:Mr. Rodrigo Bermelho\, Global Director of Shipping an d Distribution\, Vale S.A.Alain Beauvillard\, Director of Strategy\, Polic y and Innovation\, Green Climate FundMs. Linden Coppell\, Vice President S ustainability &\; ESG\, MSC CruisesDr. Andrew Forrest\, non-executive c hairman\, FortescueMr. Hans Olav Ibrekk\, Special Envoy\, Climate and Secu rity\, Ministry of Foreign Affairs\, NorwayMs. Tina Stege\, Climate Envoy\ , Marshall Islands18:00 – 18:10Q&\;A18:10 – 18:15Closing remarksMr. Igor Paunovic\, Senior Economist\, Chief of the Climate and Development S trategy Unit\, UNCTAD<\;p>\;The <\;em>\;<\;strong>\;2023 IMO G HG Strategy <\;/strong>\;<\;/em>\;foresees global shipping to be & lt\;em>\;<\;strong>\;net-zero <\;/strong>\;<\;/em>\;by or ar ound 2050. Numerous actions are being implemented at the global\, regional and national level aimed at achieving that goal.<\;/p>\;<\;p>\;In 2021 IMO adopted the short-term GHG reduction measure\, putting in place mandatory <\;em>\;<\;strong>\;energy efficiency requirements <\; /strong>\;<\;/em>\;requiring ships to progressively reduce their car bon intensity (EEXI and CII)\, thereby reducing fuel consumption per tonne /mile transported. Latest fuel consumption data reported to the IMO demons trate an <\;em>\;<\;strong>\;improvement of carbon intensity <\; /strong>\;<\;/em>\;between 31 and 38% (depending on the metric used) \, compared to 2008\, thus nearing the 40% target for 2030 as set out in t he IMO GHG Strategy.<\;/p>\;<\;p>\;Further energy efficiency impro vements can reduce fuel consumption and boost innovation in all ship segme nts. <\;em>\;<\;strong>\;Rapid technological development <\;/str ong>\;<\;/em>\;in propeller design\, air lubrication systems\, wind propulsion\, hull coating\, and just-in-time operations lowered CAPEX and OPEX costs\, and faster payback periods.<\;/p>\;<\;p>\;Ports conti nue to pursue partnerships along <\;em>\;<\;strong>\;green maritim e corridors<\;/strong>\;<\;/em>\;\, and currently over 60 of these corridors are at different stages of development\, nourishing crucial fir st-mover experience in the use of alternative fuels\, safe bunkering\, sho re-power\, and forging demand for zero and near-zero emission fuels and te chnologies through cooperation in industrial clusters in ports areas.<\; /p>\;<\;p>\;IMO’s support to countries to develop <\;em>\;<\ ;strong>\;National Action Plans <\;/strong>\;<\;/em>\;further re inforces cooperation between the shipping\, ports and energy sectors\, as well as the financial sector to enhance access to finance for shipbuilding and retrofits.<\;/p>\;<\;p>\;Shipping plays an important role in the global <\;em>\;<\;strong>\;energy transition<\;/strong>\;& lt\;/em>\;\, enabling the transport of low-emission fuels from their pro duction locations to high-energy demand centers\, also allowing ships to u se those fuels for propulsion.<\;/p>\;<\;p>\;IMO is in the process of developing a next set of <\;em>\;<\;strong>\;regulatory measur es <\;/strong>\;<\;/em>\;that will further chart the course of shi pping’s energy transition towards net-zero\, facilitating global trade\, creating new opportunities for alternative fuel producing countries\, sup porting related maritime infrastructure development\, and safeguarding rel iable and affordable shipping for the many States depending on shipping as their lifeline to the world’s markets.<\;/p>\;<\;p>\;This event will focus on <\;em>\;<\;strong>\;current action<\;/strong>\; <\;/em>\;\; and <\;em>\;<\;strong>\;recommendations <\;/stro ng>\;<\;/em>\;on how IMO and other stakeholders can further prompt t he energy transition of shipping through<\;/p>\;<\;p>\;appropriate regulatory measures and broader enabling frameworks\; including first-mov er action and support mechanisms\, notably for developing countries\, in p articular SIDS and LDCs\, to ensure that no one is left behind.<\;/p>\ ;<\;p>\;Governments and other public entities\, international organiza tions\, industry and civil society representatives are invited to join thi s dialogue\, and share their valuable insights on the <\;em>\;<\;str ong>\;necessary next steps in shipping’s energy transition<\;/strong >\;<\;/em>\;.<\;/p>\;<\;h4 class="\;text-align-center\n\nV iew meeting on unctad.org\nhttps://unctad.org/meeting/cop30-side-event-cha rting-course-energy-transition-global-shipping DTSTAMP:20260716T173743Z END:VEVENT END:VCALENDAR