WEBVTT

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Today, the global shipping industry

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burns about 300 million tons of fuel every year,

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accounting for roughly 3%

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of global greenhouse gas emissions.

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This number is expected to grow significantly towards 2050.

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But, we know that global greenhouse gas emissions

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need to be reduced to limit the impact

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we're having on the climate.

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And we know that shipping needs to play its part

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in that global effort.

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This is a systemic change,

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and this is where collaboration

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across the value chain is needed.

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The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

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was formed to specifically address these challenges

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of regulation and innovation.

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As an independent not-for-profit organization,

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we are able to bring together expertise

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and experts from across the ecosystem

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and accelerate the development

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and scaling of sustainable shipping solutions.

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First, we work to understand the pathways

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of decarbonization, and then help innovate, implement,

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and scale the solutions that are best for society.

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We are excited to have BCG

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as one of our official knowledge partners.

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Together, we will develop deep thought leadership,

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and we will bring decarbonization guidance

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to important global forums

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and help to establish the net-zero future

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for the maritime industry.

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Decarbonizing shipping

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is changing an entire business system.

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First movers are already taking big steps,

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and the learnings they make will inform

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and inspire both the private and public sector

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to take even bigger steps into the transition.

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We have started to address this daunting challenge,

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and even if we have a lot of work ahead of us,

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we know what to do.

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So yes, we are very optimistic.