Maersk sets out 2050 CO2 targets

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A.P. Møller – Maersk has set out its goal to reach carbon neutrality by 2050 and aims to have carbon neutral vessels commercially viable by 2030 as part of this goal.

The acceleration in innovations and adaption of new technology is required to help Maersk achieve this goal.

Maersk’s relative CO2 emissions have been already reduced by 46 per cent (baseline 2007). “The only possible way to achieve the so-much-needed decarbonisation in our industry is by fully transforming to new carbon neutral fuels and supply chains,” said chief operating officer Søren Toft.

Maersk aims to put its efforts towards solving problems specific to maritime transport, calling for different solutions than automotive, rail and aviation.

“The next 5-10 years are going to be crucial,” said Toft. “We will invest significant resources for innovation and fleet technology to improve the technical and financial viability of decarbonised solutions.”

Maersk also calls for strong industry involvement. “Over the last four years, we have invested around $1bn and engaged 50+ engineers each year in developing and deploying energy efficient solutions. Going forward we cannot do this alone” added Toft.

In 2019, Maersk plans to initiate open and collaborative dialogue with possible parties to work on a holistic approach to climate change.


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