WEBVTT

1
00:00:00.280 --> 00:00:02.200
Reaching Nordic net zero by 2050

2
00:00:02.200 --> 00:00:06.000
calls for vastly accelerated action
to decarbonize transportation.

3
00:00:06.000 --> 00:00:09.360
It will require companies to move
beyond traditional sector boundaries

4
00:00:09.360 --> 00:00:12.600
and take ambitious actions
on everything from technology choices,

5
00:00:12.600 --> 00:00:14.600
investments and operational practices.

6
00:00:15.080 --> 00:00:17.600
Today, I speak with leading senior executives

7
00:00:17.600 --> 00:00:20.400
on what they believe are the green growth
opportunities for the Nordics.

8
00:00:20.880 --> 00:00:23.120
I'm Esben and welcome to Nordic Net Zero.

9
00:00:28.480 --> 00:00:33.360
Today, the transport sector accounts for 30%
of all greenhouse gas emissions in the Nordics.

10
00:00:33.640 --> 00:00:36.720
The road to net zero is narrow,
with significant investments

11
00:00:36.840 --> 00:00:38.160
and high uncertainty.

12
00:00:38.160 --> 00:00:42.360
But if the Nordics do it right,
we have a 67 megaton reduction potential

13
00:00:42.360 --> 00:00:44.400
and 180 times that globally.

14
00:00:46.440 --> 00:00:51.160
To succeed in the green transition
in our sector together with our partners,

15
00:00:51.160 --> 00:00:54.760
I think it's important
that we work together and we exchange

16
00:00:55.000 --> 00:00:58.040
and that we have a common goal
we are working towards.

17
00:00:58.400 --> 00:01:02.040
So it's not only us as a shipyard
who can really do the transition.

18
00:01:02.280 --> 00:01:05.680
We need all the brains,
all the partners with the good ideas

19
00:01:05.840 --> 00:01:07.120
and we have to combine that.

20
00:01:07.120 --> 00:01:10.360
And then we can also expand these ideas
maybe to other industries.

21
00:01:11.640 --> 00:01:15.200
The biggest opportunities
are new ways of working

22
00:01:15.200 --> 00:01:19.880
where we collaborate across sectors
with the different stakeholders.

23
00:01:20.520 --> 00:01:24.120
We have seen that people
that we before considered competitors

24
00:01:24.120 --> 00:01:26.880
we now need to partner with
because we have the same ambitions

25
00:01:26.880 --> 00:01:29.240
in terms of delivering the green solutions.

26
00:01:29.960 --> 00:01:34.240
The main challenge for decarbonizing
in the maritime industry is, of course,

27
00:01:34.240 --> 00:01:37.720
that the technology is not available
and you cannot buy them off the shelf.

28
00:01:38.040 --> 00:01:39.480
We have to still develop them,

29
00:01:39.480 --> 00:01:43.040
and we have to understand
how to integrate them into a ship design.

30
00:01:43.040 --> 00:01:44.760
And it has to make sense,
of course.

31
00:01:45.600 --> 00:01:51.040
The requirement that the transport industry
has to the governments around Europe

32
00:01:51.040 --> 00:01:52.560
is that they need to speed up

33
00:01:52.560 --> 00:01:54.840
the availability of green electricity.

34
00:01:55.280 --> 00:01:57.680
All of this transformation will go nowhere

35
00:01:57.680 --> 00:02:00.640
if there is not much more electricity
than currently planned.

36
00:02:01.680 --> 00:02:03.440
We need quick decisions.

37
00:02:03.440 --> 00:02:06.240
Plenty of availability of green electricity

38
00:02:06.560 --> 00:02:12.000
so that when we rebuild our vessels
to sail on ammonia,

39
00:02:12.240 --> 00:02:17.000
the electricity that goes into producing
the ammonia is additional capacity.

40
00:02:17.280 --> 00:02:21.280
Not just something that is just shifted
from consumer markets or other places.

41
00:02:22.840 --> 00:02:26.360
We are of course also looking into
the technology of fuel cells.

42
00:02:26.720 --> 00:02:31.720
There’s really a big advantage in fuel cells,
first of all it is zero emissions

43
00:02:31.720 --> 00:02:35.400
and then there are a lot of things
that are coming along with fuel cells

44
00:02:35.400 --> 00:02:39.080
– you don’t have vibration,
you don’t need pipes

45
00:02:39.080 --> 00:02:43.960
and you can also decentralize
the creation of energy in the ship.

46
00:02:43.960 --> 00:02:49.000
So there are a lot of, so to say, advantages
which comes along with the new technology.

47
00:02:50.560 --> 00:02:53.920
The opportunities for DFDS
with this transformation

48
00:02:53.920 --> 00:02:59.520
is to offer a sustainable product
that consumers like, that customers like,

49
00:02:59.920 --> 00:03:03.400
and that my colleagues can see
that we are taking an active role

50
00:03:03.560 --> 00:03:07.400
in living up to the ambitions
of the Paris agreement.

51
00:03:08.920 --> 00:03:11.520
The green opportunities
we see in our sector,

52
00:03:11.520 --> 00:03:13.240
or for the Nordics in general,

53
00:03:13.240 --> 00:03:16.200
is of course, that we are
transforming in a whole industry

54
00:03:16.680 --> 00:03:20.320
and it is about attracting people
to work for us.

55
00:03:20.320 --> 00:03:22.680
It's of course the responsibility
we are taking.

56
00:03:23.040 --> 00:03:26.960
And we are creating
a network to work on solutions

57
00:03:26.960 --> 00:03:30.240
to have a sustainable ship design
on the market.

58
00:03:31.680 --> 00:03:35.960
The Nordics have an opportunity to take international
leadership on sustainable transportation.

59
00:03:36.280 --> 00:03:41.320
Driving greenhouse gas emissions reductions
at home and globally to reach net zero by 2050.

60
00:03:41.840 --> 00:03:44.680
It's on us to accelerate
the electrification of transport

61
00:03:44.920 --> 00:03:47.760
and to ensure the supply of green fuels
for the heaviest segments

62
00:03:47.760 --> 00:03:50.000
in trucking, aviation and maritime.

63
00:03:51.040 --> 00:03:53.800
At the same time,
cross-sector collaboration is a must,

64
00:03:54.120 --> 00:03:57.720
and the transition will require
significant investments in infrastructure

65
00:03:57.720 --> 00:03:59.000
to make the transition happen

66
00:03:59.240 --> 00:04:02.280
and in the vast amounts of
additional supply of renewable energy

67
00:04:02.280 --> 00:04:04.080
to accommodate for those green fuels.

68
00:07:12.680 --> 00:07:15.200
We see that this is not
the one company show.

69
00:07:15.720 --> 00:07:20.280
Being able to build a sustainable future
cruise ships and passenger ships,

70
00:07:20.600 --> 00:07:24.080
it's going to require a collaboration
of multiple stakeholders,

71
00:07:24.600 --> 00:07:30.480
like academia, like the network companies
supplying different products for our ships,

72
00:07:31.040 --> 00:07:34.960
and especially also our customers
with whom we are working very closely.

73
00:08:08.280 --> 00:08:13.160
We see that there are multiple solutions
what we can utilize to decarbonization.

74
00:08:13.520 --> 00:08:19.080
First of all, we want to seek for alternative fuels
for our products to reduce the emissions.

75
00:08:19.480 --> 00:08:24.600
Then we are also investigating alternative
means for generating the energy.

76
00:08:24.600 --> 00:08:25.720
Like the fuel cells.

77
00:08:26.360 --> 00:08:30.840
And thirdly, we are always seeking
for alternatives for our products

78
00:08:30.840 --> 00:08:33.160
to consume less amount of energy.