Maritime industry is in sustainability transition
The maritime industry is the engine of global trade as it powers 80% of all goods transported across the world. Maritime transport is responsible for 2–3% of global greenhouse gas emissions — more than the entire aviation sector. With increasing environmental demands, growing geopolitical risks, and fast-evolving technologies, the sector faces both immense challenges and exciting opportunities. International experts will discuss both these aspects in May at the Baltic Sea Region Forum.
Climate neutrality is the goal
At the heart of maritime sustainability lies the goal of climate neutrality. The International Maritime Organization (IMO) and the EU are committed to reducing greenhouse gas emissions from shipping to net zero by 2050. This transition requires a shift from fossil fuels to sustainable alternatives, such as green methanol, hydrogen, ammonia, and electrification. In the Baltic Sea Region the potential for producing and using green marine fuels is especially promising.
Digital tools, such as just-in-time arrival systems and AI-based route optimization, help reduce emissions by cutting waiting times and minimizing unnecessary fuel consumption. These innovations are not only climate-smart, but also cost-effective.
Shipyards and ports also drive carbon neutrality
Shipyards across Europe are paving the way for carbon-neutral vessels. Importantly, these initiatives recognize that shipbuilding sustainability must extend to the entire supply chain and workforce. Ports also play a critical role in the transition as their technology investments reduce emissions while ships are docked and improve air quality in urban areas.
Dialogue between policymakers and business is much needed
But regulations alone aren’t enough. Well-aligned legislation and sufficient public and private funding will help reduce the risk of new investments and maintain the competitiveness of European shipbuilding. The complexity of maritime sustainability demands cooperation across borders and sectors.
The sustainability transition of the maritime industry will be discussed at the Baltic Sea Region Forum at the University of Turku on 12 May. The discussion can also be followed online. Check out the programme and register!
Sustainable maritime transport has also been widely covered in Baltic Rim Economies 3/2024
