German Shipping Transport & Emission Costs on Summit Agenda
A 'Creating Climate Wealth Summit Germany' hosted by Carbon War Room aims to accelerate clean technology adoption.
Over 90 percent of the world’s trade cargo spends time on the ocean during its journey to market, carried by any one of approximately 60,000 active commercial vessels. Although the shipping industry, relative to other freight modes, is already very energy efficient, the widespread adoption of additional market-scale clean technologies which improve hull, engine and propeller design will produce further reductions in fuel consumption.
With the global financial slowdown and increasing fuel prices precipitating a restructuring of resources across the shipping industry, Carbon War Room feels the time is ripe for making cost-saving and emissions-reducing upgrades to the German shipping fleet.
The Carbon War Room and leading key stakeholders – charterers, owners, ship managers, technology companies and financiers – have developed three key models:
- Fuel payer funded, where the fuel payer reaps the ROI and profit from fuel savings
- Technology vendor funded
- Third party funded
The Creating Climate Wealth 2012 Berlin Summit, 13 - 14 September 2012, will explore these innovative new models for financing clean technology adoption by the German shipping industry.
Climate Wealth attendees will consider the following questions: what financing structures and products might be best suited to accelerating vessel eco-efficiency, and how might risk and return be managed? Secondly how can the shipping investment community be galvanized to invest in clean technology shipping?